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The ECB's account of its January 2019 monetary policy meeting says volatility stayed elevated in equity and commodity markets in early 2019. It notes Brent oil prices had fallen after December but had since recovered, and that sterling appreciated after the British Parliament rejected the EU Withdrawal Agreement.
It also reports that long-term yields in the US and Germany had fallen.
Shifts in euro and dollar rates and in oil volatility feed into commodity prices and import costs for feed buyers. The signals are indirect, so the effect on feed prices is limited.
ecb.europa.euEuropean Central BankFeb 21, 2019After 1,108 past macro events, Euro (USD per EUR) moved a median -0.1% over 5 sessions (46% higher; middle half -0.7% to +0.6%), and -0.3% 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.
