
Societe Generale analyst Kit Juckes says the euro's strength reflects ECB policy and that the currency is likely to return toward purchasing-power parity over time. EUR/USD was cited at about 1.33 at the end of 2017.
A long-run move toward PPP parity would strengthen the euro against the dollar, lowering the local-currency cost of dollar-priced commodities for European buyers. The effect on feed prices is indirect and gradual.
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.
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.