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The ECB Economic Bulletin says the Governing Council kept key rates unchanged at its 6 June meeting and extended forward guidance to at least the first half of 2020. It also set the terms for a new series of TLTRO III operations, citing geopolitical risks and protectionism weighing on the euro area outlook.
Euro area rate guidance mainly shifts EUR and bond yields, with little direct effect on feed ingredient prices.
ecb.europa.euPrepared by Michael Fidora, Martin SchmitzJun 20, 2019After 129 past neutral macro events, EURUSD moved a median -0.1% over 5 sessions (45% higher; middle half -0.5% to +0.5%), and +0.1% 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.
