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The ECB published a speech on the yield curve and monetary policy, noting long-term nominal yields in the UK, Germany, US and euro area are near record lows, with euro area long rates even negative. The speech draws on two centuries of UK gilt data.
Persistently low global yields keep the dollar and euro funding conditions loose, a background factor for commodity financing and currency moves rather than a direct supply shock.
ecb.europa.euEuropean Central BankNov 25, 2019After 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.
