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The ECB published the account of its 3-4 June 2020 monetary policy meeting. It reviewed financial market developments and concluded that the ECB's measures and the Franco-German recovery fund proposal had reduced downside tail risks.
Systemic stress had kept easing but remained above pre-pandemic levels.
The account signals that the ECB will stay supportive, which keeps euro liquidity ample and sustains currency and risk-asset conditions that feed into commodity pricing.
ecb.europa.euEuropean Central BankJun 25, 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.
