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The euro whipsawed during the week, dipping below 1.08 before rallying sharply on Friday after weaker-than-expected US jobs numbers. Technical analysis highlights resistance just above 1.09 and possible targets near 1.10.
This is routine currency technical commentary with no new supply or demand driver for feed commodities, so its effect on grain or meal prices is minimal.
fxempire.comChristopher LewisAug 2, 2024Not 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.
Weekly recap notes the sharp Friday rally after weak jobs data following a dip below 1.08, which supports the cause but adds little new information.
