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The ECB published the account of its monetary policy meeting, reviewing financial market developments since September, including hopes for a US-China trade breakthrough, receding Brexit fears, and shifting Fed rate-cut expectations. It also noted the launch of the euro short-term rate and the two-tier reserve remuneration system.
Shifts in euro rates and dollar expectations can move the EUR/USD exchange rate, which affects the competitiveness of EU and US feed ingredient exports and import costs for buyers.
ecb.europa.euEuropean Central BankNov 21, 2019After 359 past neutral macro events, DXY moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% over 20.
After 129 past neutral macro events, EURUSD moved a median -0.1% over 5 sessions (45% higher; middle half -0.5% to +0.5%), and +0.1% 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.
