
The dollar index fell on May 23, 2022 while the euro rose about 1.1% to $1.0687 after ECB President Christine Lagarde signaled the bank would likely lift its deposit rate out of negative territory by end-September. Lagarde also said further hikes were possible if inflation stabilized near 2%.
Riskier assets gained as recession fears eased.
A firmer euro and weaker dollar make dollar-priced US commodities relatively cheaper for European buyers, which modestly supports US export demand for feed grains and meals. The move is a currency-driven shift rather than a change in physical supply.
Na 388 eerdere opwaarts macro-gebeurtenissen bewoog Euro (USD per EUR) zich mediaan +0,3% over 5 sessies (62% hoger; middelste helft -0,4% tot +1,1%), en +0,1% over 20.
Na 1.637 eerdere neerwaarts macro-gebeurtenissen bewoog Amerikaanse dollar (breed) zich mediaan -0,2% over 5 sessies (39% hoger; middelste helft -0,6% tot +0,3%), en -0,2% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
Lagarde signaled the ECB would lift its deposit rate out of negative territory by end-September, lifting the euro about 1.1% on May 23, the final day of the window, while the dollar index fell.