Loading…
The ECB left its key interest rates and asset purchases unchanged on January 23, 2020 and launched a broad review of its policy strategy under new President Christine Lagarde. The euro fell 0.37% to $1.1051 as the dollar strengthened, while the yen rose on coronavirus safe-haven demand.
A firmer dollar against the euro makes US-priced grain and meal relatively more expensive for euro-zone buyers and can pressure dollar-denominated commodity prices. The ECB's steady stance means no near-term shift in the currency driver.
cnbc.comReutersJan 23, 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.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
