
EUR/USD is falling as the US economic outlook improves relative to Europe, even though euro area PMI readings beat forecasts. French 10-year yields rose and the French-German spread reached its widest since the sovereign debt crisis.
Washington reportedly wants the EU to release about 120 million barrels of diesel from emergency reserves over six months and has signaled it could restrict US diesel exports.
Possible diesel releases and US export restrictions could shift diesel supply and freight costs for feed producers. Higher energy costs in Europe also weigh on the euro and the purchasing power of European feed buyers.
Setelah 27 peristiwa kebijakan netral sebelumnya, ULSD / Solar bergerak median -1,4% selama 5 sesi (41% lebih tinggi; separuh tengah -4,3% sampai +2,6%), dan -4,6% selama 20 sesi.
Setelah 12 peristiwa kebijakan sebelumnya, Euro (USD per EUR) bergerak median +0,3% selama 5 sesi (75% lebih tinggi; separuh tengah -0,1% sampai +1,0%), dan +0,7% 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.
Notes EUR/USD decline on 1 Oct from a relatively better US outlook, a widening French spread and energy price concerns, which fits the day's move though it is less specific.