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The ECB cut its deposit rate by a quarter point, its second reduction this year, and lowered its 2024 euro zone growth forecast to 0.8%. The central bank said it is not committing to a particular rate path and will decide meeting by meeting.
Slower euro zone growth and a data-dependent ECB path shape the euro-dollar exchange rate, which affects the cost of dollar-priced feed imports for European buyers.
cnbc.comSam Meredith, Sophie KiderlinSep 12, 2024After 129 past neutral macro events, EURUSD 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.
