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The ECB's Economic Bulletin 8/2019 reviews the December 12 decision to hold rates and reiterate forward guidance. It describes muted euro-area inflation, weak growth with early signs of stabilisation, and continued employment and wage growth.
Weak euro-area growth and subdued inflation point to continued accommodative policy, which keeps the euro soft against the dollar. That has little direct effect on feed prices.
After 1,108 past macro events, EURUSD 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.