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The euro fell 1.8% to about $1.07 after Trump's election win, its worst one-day drop since March 2020. ABN Amro, ING and Manulife expect the euro to slide toward parity with the dollar, and Mizuho and Deutsche Bank forecast $1.03 and $1.05 by year-end.
Wider rate differentials favor the dollar, which lowers dollar-denominated commodity prices and raises the cost of imported feed ingredients for euro-based buyers.
bloomberg.comAlice Atkins, Vassilis Karamanis, Greg Ritchie6 nov 2024Na 533 eerdere neerwaarts macro-gebeurtenissen bewoog Euro (USD per EUR) zich mediaan -0,3% over 5 sessies (33% hoger; middelste helft -1,2% tot +0,2%), en -0,5% over 20.
Na 2.356 eerdere opwaarts macro-gebeurtenissen bewoog Amerikaanse dollar (breed) zich mediaan +0,2% over 5 sessies (60% hoger; middelste helft -0,3% tot +0,7%), en +0,4% 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.
Documents the 1.8% euro drop, its worst day since March 2020, with rate divergence and parity forecasts reflecting the same post-election repricing.
The euro suffered its worst one-day drop since 2020 after Trump's win, as rate divergence and tariff risk drove parity calls; this is the main driver of the 5-day decline.
Euro's worst one-day drop since 2020 is the mirror image of dollar strength, since the euro is the largest weight in the broad index.
Euro fell 1.8% in its worst day since 2020 on rate divergence, mechanically boosting the dollar basket.
