
Major currencies traded in a narrow range on Thursday as markets weighed European Central Bank comments on rate policy. The ECB kept its policy unchanged and gave little clarity on how it would withdraw stimulus.
The euro was about 0.24% lower at $1.2007 while the dollar index rose 0.28% to 91.355.
Choppy, directionless currency moves keep the dollar index near recent levels, so there is no clear pressure on dollar-denominated grain and oilseed prices from this development.
After 129 past neutral macro events, Euro (USD per EUR) moved a median -0.1% over 5 sessions (45% higher; middle half -0.5% to +0.5%), and +0.1% over 20.
After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), 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.