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Reuters explains that euro zone inflation rose above the ECB's near-2% target in May, creating pressure for the central bank to begin tapering stimulus. Officials believe market talk of rapid price rises is misplaced and expect long-term price pressures to stay subdued.
Expectations of ECB tapering could firm the euro against the dollar, affecting the relative pricing and export competitiveness of dollar-denominated feed commodities.
reuters.comDhara RanasingheJun 7, 2021After 388 past bullish macro events, Euro (USD per EUR) moved a median +0.3% over 5 sessions (62% higher; middle half -0.4% to +1.1%), 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.
