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The ECB's Economic Bulletin for Issue 3, 2021 says the global recovery and fiscal stimulus support activity, while near-term outlook is clouded by pandemic resurgence and vaccine rollout. It notes that inflation has picked up due to temporary factors and higher energy prices, but underlying price pressures remain subdued and the ECB reconfirmed its accommodative stance.
Persistent euro area accommodation and an expected rebound in demand shape the currency and energy cost backdrop for feed buyers. The bulletin itself does not announce a direct change to feed commodity supply or demand.
ecb.europa.euPrepared by Maria Grazia Attinasi, Alina Bobasu, Rinalds GerinovicsMay 6, 2021After 54 past report events, EURUSD 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.
