Loading…
ECB policymakers were divided over whether a change in rate guidance was significant, with hawks downplaying it and doves claiming a small win. Doves pointed to falling commodity and natural gas prices and clear signs of a euro-zone recession.
Signs of a euro-zone recession and lower energy prices point to weaker European demand and a softer outlook for the euro, which could reduce import demand for feed inputs.
reuters.comFrancesco CanepaOct 27, 2022After 533 past bearish macro events, Euro (USD per EUR) 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.
