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Analysts hold diverging views on the euro after JPMorgan projected EUR/USD could test parity in 2022. HSBC warned that rate hikes may not help the currency, and the ECB announced a 25 basis point increase in July along with an end to net asset purchases.
Euro weakness linked to Europe's energy exposure and tight policy options keeps the dollar firm, which affects the cost of dollar-priced feed ingredients imported into the euro zone.
euromoney.comPaul GoldenJun 9, 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.
