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The ECB held its December 16 press conference and said the euro area recovery continues, with Omicron restraining activity. It also said progress permits a step-by-step reduction in the pace of asset purchases, and that inflation is elevated but expected to ease next year.
A faster ECB taper and eventual rate path shape the euro's value against the dollar, which affects the relative competitiveness of US and EU grain and oilseed exports and the cost of imported feed inputs.
ecb.europa.euEuropean Central BankDec 16, 2021After 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.
