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The ECB account describes financial market developments since the June meeting. Sovereign bond yields hit multi-year lows, and markets priced in a 10 basis point deposit rate cut for September.
Euro area credit spreads narrowed.
Expected monetary easing pressures the euro and shapes dollar strength, which influences dollar-denominated commodity pricing and export competitiveness.
ecb.europa.euEuropean Central BankAug 22, 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.
