Loading…
Kathy Lien previewed the ECB's March meeting, noting the central bank was considering a new TLTRO and that growth and inflation were running weak. She argued the ECB needed to take a dovish stance and that past rate decisions had generally pushed the euro lower.
Expectations of a dovish ECB point to downside pressure on the euro, which affects the cost of dollar-priced feed ingredients for European buyers.
investing.comMar 6, 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.
