# Interview with Nikkei

> ECB Executive Board member Fabio Panetta, in a Nikkei interview, said the euro area recovery is improving with an expected rebound in the second half of 2021 driven by vaccinations, firmer global demand and EU recovery funds. He cautioned that euro area GDP remains 5.5% below pre-pandemic levels and that the economy still relies heavily on monetary and fiscal support.

- Date: 2021-05-26 · published 2021-05-26T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/47294-interview-with-nikkei
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A slow euro area recovery and continued accommodative policy tend to keep the euro under pressure against the dollar, which affects dollar-denominated feed commodity prices for European buyers. The direct effect on feed grain and oilseed prices is limited.

## Read by commodity

- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2017-03-09 | [Introductory statement to the press conference (with Q&A)](https://feedsoft.ai/events/72197-introductory-statement-to-the-press-conference-with-q-and-a.md) | +0.8% | +1.1% |
| EURUSD | 2019-01-24 | [Introductory statement to the press conference (with Q&A)](https://feedsoft.ai/events/61303-introductory-statement-to-the-press-conference-with-q-and-a.md) | +0.2% | -0.4% |
| EURUSD | 2017-01-19 | [Introductory statement to the press conference (with Q&A)](https://feedsoft.ai/events/73195-introductory-statement-to-the-press-conference-with-q-and-a.md) | -0.1% | -0.2% |
| EURUSD | 2018-12-13 | [Introductory statement to the press conference (with Q&A)](https://feedsoft.ai/events/61765-introductory-statement-to-the-press-conference-with-q-and-a.md) | +0.5% | +0.3% |
| EURUSD | 2021-03-12 | [ECB Surprises With Faster Bond Buys, Euro Unfazed \| Investing.com](https://feedsoft.ai/events/48343-ecb-surprises-with-faster-bond-buys-euro-unfazed-investing-com.md) | -0.4% | -0.6% |

## Sources

- ecb.europa.eu: https://www.ecb.europa.eu/press/inter/date/2021/html/ecb.in210526~99707ed7f5.en.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.