◂ Event Timeline

Dec 2, 2019MACROEurope

Hearing at the Committee on Economic and Monetary Affairs of the European Parliament

Christine Lagarde gave her first regular hearing as ECB President before the European Parliament's Economic and Monetary Affairs Committee on 2 December 2019. She cited rising public support for the euro, now at 76%, and pledged better public communication by the ECB.

WHY IT MATTERS

The speech mainly concerns ECB governance and communication, with no direct change to monetary settings. It has no clear price implication for feed commodities.

AFFECTSEuro (USD per EUR)

SOURCE
ecb.europa.euEuropean Central BankDec 2, 2019

Price reaction & history

Euro (USD per EUR)no directional readSO FAR1d +0.5%5d +0.3%20d +1.8%

After 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.

Nov 13, 2017Economic recovery and the new phase of monetary policy+1.3%
May 2, 2019Olli Rehn: Economic outlook and monetary policy - a European perspective-0.4%
Nov 17, 2016Account of the monetary policy meeting of the Governing Council of the European Central Bank-1.3%
Nov 17, 2017Monetary policy and the outlook for the economy+1.4%
May 4, 2018Past and future of the ECB monetary policy-0.6%

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.

Euro (USD per EUR) EURUSD · GP ▸

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