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The European Central Bank raised its key rates by 75 basis points to the highest level since 2009 and made the terms of its three-year bank loans less favourable. Markets pared back some expectations for further rate hikes.
Tighter euro-area policy strengthens the euro and lifts borrowing costs, which can weigh on feed-sector credit and eurozone demand for imported feed. The effect on grain prices is indirect.
reuters.comBalazs KoranyiOct 26, 2022After 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.
