# More pain ahead for euro, traders' derivatives bets signal

> Traders moved into currency derivatives markets to hedge against further euro weakness. The euro slipped to its weakest level since May 2020 at $1.1059, down about 2% since the prior Thursday.

- Date: 2022-03-02 · published 2022-03-02T12:00:00.000Z
- Category: market · region Europe · magnitude low
- Page: https://feedsoft.ai/events/8260-more-pain-ahead-for-euro-traders-derivatives-bets-signal
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

This is a routine currency move with no new supply or demand shock for feed commodities, so the effect on dollar-priced grain and meal values is limited.

## Read by commodity

- EURUSD: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2022-03-07 | 5 | -3.2% | -3.9 | Hedging demand in derivatives and a drop to $1.1059 signaled further euro weakness during the window. |

## Sources

- reuters.com: https://www.reuters.com/markets/europe/more-pain-ahead-euro-traders-derivatives-bets-signal-2022-03-02/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.