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ECB President Mario Draghi and Vice-President Luis de Guindos held the press conference after the July 25 meeting. They repeated that rates will stay at present or lower levels through the first half of 2020 and that the Governing Council is ready to adjust all instruments if inflation falls short.
The explicit readiness to ease further signals more euro weakness ahead, which supports dollar-priced commodities such as soybean meal and corn in Europe. The impact depends on whether the promised measures are actually delivered.
ecb.europa.euEuropean Central BankJul 25, 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.
