Loading…
The ECB raised its Pandemic Emergency Purchase Programme by 600 billion euros to 1.35 trillion euros and extended it to June 2021 or until the crisis is judged over. Interest rates were left unchanged.
The ECB also published sharply weaker economic projections than in March.
The larger programme and weaker outlook keep euro rates low and pressure the euro, which can firm the dollar and weigh on dollar-denominated commodity prices.
cnbc.comSilvia AmaroJun 4, 2020After 533 past bearish macro events, Euro (USD per EUR) moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% 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.
