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The ECB account for its 7-8 September 2022 meeting notes that markets had shifted from recession fears toward tighter policy as inflation kept surprising to the upside. Investors expected faster monetary normalisation in the euro area and volatility in rate markets stayed high.
Expectations of faster tightening raise euro-area borrowing costs and tend to support the euro. The link to feed prices is indirect.
ecb.europa.euEuropean Central BankOct 6, 2022After 1,108 past macro events, Euro (USD per EUR) moved a median -0.1% over 5 sessions (46% higher; middle half -0.7% to +0.6%), and -0.3% 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.
