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The ECB kept its deposit rate at -0.50% and its main refinancing rate at 0.00%, and added 600 billion euros to the PEPP, taking it to 1,350 billion euros. The programme now runs to at least June 2021.
EUR/USD rose from 1.1200 to 1.1240 after the decision.
The larger bond-buying programme supports euro-area growth and weighs on the euro, which can lift dollar-priced commodities and affect the cost of imported feed inputs for European buyers.
investinglive.comJustin LowJun 4, 2020After 388 past bullish macro events, Euro (USD per EUR) moved a median +0.3% over 5 sessions (62% higher; middle half -0.4% to +1.1%), 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.
