
ING analyst Francesco Pesole said EUR/USD had fallen more sharply than short-term interest-rate differentials warranted, estimating the euro to be 2.1–2.3% undervalued in the firm’s models. He expects the pair to move back above 1.120 if risk sentiment remains stable and sees the effect of ECB succession discussions on the euro as limited and short-lived.
If the euro strengthens against the dollar, dollar-priced feed imports could become cheaper for euro-area buyers. This is an analyst outlook rather than a new change in supply or demand.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.