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ECB President Mario Draghi said rates will stay at present levels at least through the first half of 2020 and that reinvestments will continue. He also announced the TLTRO III pricing, with lending rates set just 10 basis points above the deposit rate.
Prolonged ultra-low euro rates weigh on the euro and can indirectly support dollar-priced commodities, but the direct feed market impact is small.
ecb.europa.euEuropean Central BankJun 6, 2019After 129 past neutral macro events, Euro (USD per EUR) 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.
