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ECB chief economist Philip Lane said euro depreciation will be an important factor in shaping the ECB's projections, following the day's inflation report. He did not push back on market expectations of a possible rate move in July.
Signals of a weaker euro and a possible ECB hike support the dollar against the euro, which affects the relative cost of dollar-priced commodities for euro area buyers.
investinglive.comJustin LowApr 29, 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.
