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ECB President Christine Lagarde and Vice-President Luis de Guindos held a press conference on January 23, 2020 after the Governing Council kept key rates unchanged. The ECB will continue net asset purchases at €20 billion per month and reinvest maturing principal.
Unchanged accommodative policy keeps the euro under pressure, which can support the dollar and affect euro-denominated import costs for feed buyers. The impact on commodity prices is limited.
ecb.europa.euEuropean Central BankJan 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.
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.
