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The ECB raised its main rate by a quarter point to 3.75% on July 27 and said inflation remains too high for too long. It gave no forward guidance but raised the possibility of a September pause.
Markets had expected the move.
Tighter euro-area financing conditions weigh on the euro and can slow European livestock and feed investment. The effect on grain and oilseed prices is indirect.
cnbc.comSilvia AmaroJul 27, 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.
