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The ECB cut its key deposit rate from 2.25% to 2.0%, the eighth cut in a year. The rate is now at the level the central bank considers neutral for the economy.
Lower euro-zone rates reduce the yield advantage of euro assets and tend to weigh on the euro against the dollar, which can support dollar-priced commodities.
After 533 past bearish macro events, EURUSD moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% 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.