
The ECB warned that a trade war with tariffs would further weaken Europe's already anaemic economy. The bank noted Europe's reliance on foreign trade and its industrial recession, which is driven by high energy costs and weak Chinese demand.
It also warned that retaliation is likely.
Expected retaliatory tariffs could cut transatlantic and Chinese trade flows, reducing demand for imported feed ingredients and pressuring export-linked prices.
Tras 23 eventos de comercio pasados, Euro (USD por EUR) se movió una mediana de -0,4 % en 5 sesiones (43% al alza; mitad central entre -0,9 % y +0,7 %), 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.
The ECB's warning that a trade war would hurt the euro-area economy supports a weaker-growth, lower-rates narrative that is negative for the euro.