
The ECB raised its pandemic emergency purchase programme from €1.35 trillion to €1.85 trillion and extended it to at least March 2022. It also extended cheap bank financing at rates as low as minus 1 percent until June 2022.
The bank expects the euro-zone economy to contract 2.2 percent in the fourth quarter.
Larger bond buying and cheap bank credit weaken the euro relative to the dollar and support risk assets and commodity demand. The added liquidity is a moderate tailwind for the broader commodity complex.
Tras 533 eventos bajista de macro pasados, Euro (USD por EUR) se movió una mediana de -0,3 % en 5 sesiones (33% al alza; mitad central entre -1,2 % y +0,2 %), y -0,5 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.