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ECB policymaker Joachim Nagel said the central bank should avoid cutting rates too quickly because the 2% inflation target has not yet been reached. He warned a stronger recovery could delay the return to target.
Hawkish ECB comments slow expected easing, which supports the euro and has only an indirect effect on commodity prices.
teletrade.orgAug 30, 2024After 388 past bullish macro events, EURUSD moved a median +0.3% over 5 sessions (62% higher; middle half -0.4% to +1.1%), 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.
