
The ECB's July 21-22 meeting account described bond yields falling across advanced economies as the Delta variant lifted global risk aversion. Officials reviewed how market expectations for monetary policy were shifting.
Lower yields and risk aversion can weaken the dollar and support commodity prices, but the effect is indirect. This is a policy minutes release with no new supply or demand information for feed markets.
After 54 past report events, Euro (USD per EUR) moved a median +0.1% over 5 sessions (59% higher; middle half -0.4% to +0.8%), 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.