# Account of the monetary policy meeting

> 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.

- Date: 2019-11-21 · published 2019-11-21T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/56279-account-of-the-monetary-policy-meeting
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

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.

## Read by commodity

- DXY: neutral
- EURUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-09-22 | [Markets swing on trade and monetary policy](https://feedsoft.ai/events/57273-markets-swing-on-trade-and-monetary-policy.md) | +0.5% | -1.0% |
| DXY | 2024-05-10 | [The Fed - Monetary Policy and Exchange Rates during the Global Tightening](https://feedsoft.ai/events/30140-the-fed-monetary-policy-and-exchange-rates-during-the-global-tightening.md) | -0.8% | +1.1% |
| DXY | 2020-02-11 | [Jerome H Powell: Semiannual Monetary Policy Report to the Congress](https://feedsoft.ai/events/54507-jerome-h-powell-semiannual-monetary-policy-report-to-the-congress.md) | +0.0% | +1.1% |
| DXY | 2024-02-29 | [BOJ policymaker calls for overhaul of ultra-loose monetary policy](https://feedsoft.ai/events/31908-boj-policymaker-calls-for-overhaul-of-ultra-loose-monetary-policy.md) | -0.5% | -0.1% |
| DXY | 2020-02-28 | [Richard H Clarida: US economic outlook and monetary policy](https://feedsoft.ai/events/54504-richard-h-clarida-us-economic-outlook-and-monetary-policy.md) | -0.5% | +4.3% |
| EURUSD | 2017-08-17 | [Account of the monetary policy meeting](https://feedsoft.ai/events/69662-account-of-the-monetary-policy-meeting.md) | +0.8% | +1.6% |
| EURUSD | 2017-02-16 | [Account of the monetary policy meeting](https://feedsoft.ai/events/72688-account-of-the-monetary-policy-meeting.md) | -0.1% | +1.3% |
| EURUSD | 2023-02-16 | [Monetary policy after the energy shock](https://feedsoft.ai/events/37537-monetary-policy-after-the-energy-shock.md) | -0.9% | -0.6% |

## Sources

- ecb.europa.eu: https://www.ecb.europa.eu/press/accounts/2019/html/ecb.mg191121~b1d36734d7.en.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.