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Wells Fargo expects the euro to reach parity with the US dollar within a month. The forecast rests on a widening gap between US and European interest rates and economic growth.
A forecast of parity signals continued dollar strength, which could raise the euro-denominated cost of dollar-priced feed ingredients. The impact is mostly sentiment rather than a confirmed policy change.
bloomberg.comAmelia Pollard, Emily GraffeoJun 14, 2022After 533 past bearish macro events, Euro (USD per EUR) moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% over 20.
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.
