Loading…
Euro zone money market funding costs remain high, with the three-month Euribor at about double early-March levels despite ECB action. Analysts say the ECB may need to do more to ensure smooth short-term credit, and heavy government debt issuance is cited as a factor.
Tighter euro funding conditions slow the economy and weigh on the euro, with limited direct impact on feed prices. It raises the chance of further ECB easing, which could weaken the euro.
financialpost.comReutersApr 29, 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.
