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ECB President Christine Lagarde said the central bank will keep adjusting policy as needed to keep inflation at its 2% target. She also said internal barriers in European services and goods markets act like tariffs of about 100% and 65%.
EUR/USD traded about 0.17% higher near 1.1550 that day.
Lagarde's comments signal no immediate change in ECB policy, so they have little direct effect on feed commodity prices. The main channel is through EUR/USD and the dollar's broader effect on export competitiveness.
fxstreet.comSagar DuaNov 21, 2025After 129 past neutral macro events, Euro (USD per EUR) moved a median -0.1% over 5 sessions (45% higher; middle half -0.5% to +0.5%), and +0.1% over 20.
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.
