
The dollar index fell on May 23, 2022 while the euro rose about 1.1% to $1.0687 after ECB President Christine Lagarde signaled the bank would likely lift its deposit rate out of negative territory by end-September. Lagarde also said further hikes were possible if inflation stabilized near 2%.
Riskier assets gained as recession fears eased.
A firmer euro and weaker dollar make dollar-priced US commodities relatively cheaper for European buyers, which modestly supports US export demand for feed grains and meals. The move is a currency-driven shift rather than a change in physical supply.
Setelah 388 peristiwa makro bullish sebelumnya, Euro (USD per EUR) bergerak median +0,3% selama 5 sesi (62% lebih tinggi; separuh tengah -0,4% sampai +1,1%), dan +0,1% selama 20 sesi.
Setelah 1.637 peristiwa makro bearish sebelumnya, Dolar AS (Luas) bergerak median -0,2% selama 5 sesi (39% lebih tinggi; separuh tengah -0,6% sampai +0,3%), dan -0,2% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
Lagarde signaled the ECB would lift its deposit rate out of negative territory by end-September, lifting the euro about 1.1% on May 23, the final day of the window, while the dollar index fell.