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The ECB kept its deposit rate at 4.0% and cut its growth and inflation forecasts, with inflation seen averaging 2.3% in 2024. FXStreet reports EUR/USD rebounded after President Lagarde did not rule out a June cut.
Expectations of earlier euro-zone easing shape the euro-dollar rate, which affects the cost of dollar-denominated feed imports for European buyers.
fxstreet.comJoaquin MonfortMar 7, 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.
