
Germany's Constitutional Court ruled that parts of the ECB's quantitative easing programme were illegal under German law, citing the principle of proportionality. The ECB responded that it follows rulings of the European Court of Justice rather than national courts.
Analysts raised questions about legal uncertainty and the long-term stability of the euro zone.
Legal uncertainty over ECB bond buying could weigh on the euro and raise risk premia in euro-area debt, which affects the dollar value of dollar-priced commodities. The direct price effect on feed markets is likely limited.
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.