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ECB President Christine Lagarde said the bank stands ready to use its full range of tools, including rates, forward guidance and asset purchases, to address a resurgence of coronavirus cases in Europe. She said the region is seeing recurrences of contagion.
Europe had recorded over 7.4 million cases at that time.
Expected additional euro-area stimulus could weaken the euro and support dollar-priced commodities. The statement signals intent rather than a concrete policy change.
cnbc.comSam MeredithOct 15, 2020After 1,108 past macro events, Euro (USD per EUR) moved a median -0.1% over 5 sessions (46% higher; middle half -0.7% to +0.6%), and -0.3% 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.
