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French harmonized inflation eased to 0.8% in August from 0.9% in July, while Spanish annual inflation held steady at 2.7%. Investors expect the ECB to hold its deposit rate at 2.0% at its September meeting.
Benign eurozone inflation keeps a small chance of further ECB easing, which marginally weighs on the euro and supports EU-linked feed demand. Commodity price impact is limited.
After 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.