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At its October 24 press conference, the ECB kept key interest rates unchanged and said it would restart net asset purchases at €20 billion per month from November 1. It also said rates would stay at present or lower levels until inflation converges robustly toward 2%.
Continued ECB easing supports a weaker euro against the dollar, which can modestly firm dollar-priced grain and oilseed markets.
ecb.europa.euEuropean Central BankOct 24, 2019After 533 past bearish macro events, Euro (USD per EUR) moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% 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.
