Loading…
The ECB published the account of its 29-30 April 2020 monetary policy meeting. It described financial markets as still fragile, with euro area sovereign bond spreads widening and bid-ask spreads elevated.
It said the PEPP had become an important anchor of stability for euro bond markets.
Euro liquidity and bond stability influence the euro's exchange rate against the dollar, which in turn affects dollar-priced grain and oilseed values. The account signals continued accommodative policy, which limits euro upside.
ecb.europa.euEuropean Central BankMay 22, 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.
