The euro rose to $1.148, its strongest level since June 17, after second-quarter eurozone GDP grew 0.4%, double forecasts, and German and Spanish inflation firmed. Markets raised bets on a second ECB rate hike, possibly in September, while renewed US airstrikes on Iran lifted oil prices.
A firmer euro and higher ECB rate expectations weaken the dollar, which tends to support dollar-priced commodities like grains and soybean meal. Higher oil prices also raise energy and fertilizer costs for feed producers.
Após 388 eventos altista de macro passados, Euro (USD por EUR) subiu em mediana +0,3% em 5 sessões (62% de alta; metade central de -0,4% a +1,1%), e +0,1% em 20.
Variações do benchmark de cada commodity desde o último fechamento antes do evento. As leituras históricas agregam eventos passados do mesmo tipo; descrevem o que aconteceu, não o que vai acontecer. Não é recomendação de investimento.
Eurozone Q2 GDP doubling forecasts and firmer inflation lifted ECB hike bets, pushing EUR/USD to its strongest since mid-June on the move date.