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The European Central Bank raised its three main interest rates by 0.25 percentage points to 4.0%, 4.25% and 4.5%, after analysts were divided on whether it would hike or pause. It signaled that its run of increases may be ending.
The ECB's tighter policy and hint of a pause shift relative interest rates and currency values, which influences the dollar and the cost of dollar-priced feed commodity trade.
dw.comSep 14, 2023After 533 past bearish macro events, EURUSD moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% 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.
