# Meeting of 3-4 June 2020

> 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.

- Date: 2020-06-25 · published 2020-06-25T12:00:00.000Z
- Category: macro · region Euro area · magnitude low
- Page: https://feedsoft.ai/events/52842-meeting-of-3-4-june-2020
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

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.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2020-08-20 | [Meeting of 15-16 July 2020](https://feedsoft.ai/events/51824-meeting-of-15-16-july-2020.md) | -0.7% | -0.6% |
| EURUSD | 2020-05-22 | [Meeting of 29-30 April 2020](https://feedsoft.ai/events/53351-meeting-of-29-30-april-2020.md) | +1.4% | +2.2% |
| EURUSD | 2021-04-08 | [Meeting of 10-11 March 2021](https://feedsoft.ai/events/47822-meeting-of-10-11-march-2021.md) | +0.7% | +1.0% |
| EURUSD | 2022-10-06 | [Meeting of 7-8 September 2022](https://feedsoft.ai/events/39363-meeting-of-7-8-september-2022.md) | -0.9% | -1.1% |
| EURUSD | 2016-06-26 | [MilkPrice: June 2016](https://feedsoft.ai/events/4208-milkprice-june-2016.md) | +0.2% | -1.3% |

## Sources

- ecb.europa.eu: https://www.ecb.europa.eu/press/accounts/2020/html/ecb.mg200625~fd97330d5f.en.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.