
Traders are selling the euro as speculation grows that the ECB's rate-hike cycle is nearly over while inflation remains well above target. The euro fell as much as 0.4% to $1.0885 on Thursday, more than 3% below its July peak.
Several banks now see it falling toward $1.05.
A weaker euro generally lifts the dollar and can make US exports such as soybean meal and corn less competitive in Europe, adding modest downward pressure on US feed prices. Stagflation concerns may also slow European livestock and feed demand.
Setelah 533 peristiwa makro bearish sebelumnya, Euro (USD per EUR) bergerak median -0,3% selama 5 sesi (33% lebih tinggi; separuh tengah -1,2% sampai +0,2%), dan -0,5% selama 20 sesi.
Setelah 2.356 peristiwa makro bullish sebelumnya, Dolar AS (Luas) bergerak median +0,2% selama 5 sesi (60% lebih tinggi; separuh tengah -0,3% sampai +0,7%), dan +0,4% 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.