
ING analysts said EUR/USD trading above 1.20 would cause concern at the ECB, but the central bank has little ability to stop the euro's rise. The euro has gained about 5% since the ECB's July meeting.
ING expects the ECB's September staff projections to be trimmed for the stronger currency.
A stronger euro makes dollar-priced commodities cheaper for euro-area buyers and weakens the dollar's relative pull on US export competitiveness. It is a modest factor for feed grain and meal demand.
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.