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Traders pared back bets on back-to-back ECB rate cuts after the September policy meeting, where policymakers gave little clarity on future easing. The ECB also revised down its growth forecasts while still projecting inflation at 2% in the second half of 2025.
Expectations of slower ECB easing shift the euro-dollar rate and dollar strength, which feed into the relative price of dollar-priced grain and oilseed imports for European buyers.
reuters.comYoruk BahceliSep 12, 2024After 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.
