
ING analysts said the ECB dropped its forward guidance after a hawkish press conference, with markets pricing in a first rate hike around June 2022. They expect EUR/USD to consolidate in the 1.13-1.15 range ahead of the March ECB meeting.
Shifting rate expectations move the euro-dollar exchange rate, which in turn changes the relative competitiveness of US and European grain and oilseed exports.
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.
ING notes the ECB dropped forward guidance and markets priced a June hike, shifting the EUR/USD range higher.