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The ECB's March 2024 staff projections cut 2024 euro-area GDP growth to 0.6% and forecast a gradual pickup in 2025 and 2026. Inflation is projected to ease, and Red Sea shipping disruptions are expected to have only limited effects.
Slower euro-area growth and easing inflation support the case for ECB rate cuts, which weaken the euro and can lift dollar-priced feed costs for European buyers.
ecb.europa.euEuropean Central BankApr 1, 2024After 15 past bearish report events, Euro (USD per EUR) moved a median +0.0% over 5 sessions (60% higher; middle half -0.6% to +0.4%), and -0.0% 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.
