The euro reached a five-week high on 2 March 2020 as rivals including sterling and the dollar posted large losses. Sterling fell on hard Brexit fears and coronavirus concerns, while the dollar slumped as Fed rate cut bets surged.
Broad dollar weakness on Fed cut bets can lift dollar-denominated grain and meal prices, while sterling weakness affects UK feed buying costs.
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.
Belum cukup peristiwa historis yang sebanding untuk analisis historis.
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.
Reports on 2 March the euro hit a five-week high as the dollar slumped on surging Fed rate cut bets, which is a dollar-weakness and currency mechanism consistent with the move.
Dollar slumped on 2 March as Fed rate-cut bets surged, with euro gaining against it.
Dollar weakness on surging Fed rate-cut bets lifted the euro to a five-week high on 2 March, contributing to the move.