
A Reuters poll of 82 economists expects the European Central Bank to cut its deposit rate to 2.50% on March 6, with a further 50 basis points of cuts next quarter. Respondents said Trump's expanding trade war would be damaging to euro zone growth.
Expected ECB easing narrows the rate gap with the US and tends to weigh on the euro, which can lift dollar-priced commodity values for European buyers while signalling weaker euro-area demand for feed inputs.
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.