Loading…

The ECB paused its hiking cycle and kept the deposit rate at 2.5%. President Lagarde said inflation remains a risk, and further hikes remain possible.
Treasury and European bond yields fell after the Fed and ECB holds.
Central bank holds with hawkish guidance keep rate expectations elevated, which affects the dollar and financing costs for feed trade. The direct effect on feed commodity prices is limited.
After 4,478 past macro events, US Dollar (Broad) moved a median +0.0% over 5 sessions (51% higher; middle half -0.4% 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.