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EUR/USD traded at $1.1466, down 0.2% on the day, after the ECB bulletin said inflation was lasting longer than expected but was mostly temporary. Energy and food price increases were cited as drivers of price pressure.
Markets were concerned that the ECB would resist tightening.
Limited ECB tightening signals keep the euro soft against the dollar, a modest factor for dollar-priced feed commodities and euro-zone import costs.
exchangerates.org.ukAdam SolomonNov 11, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
