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ECB executive board member Benoît Coeuré said targeted longer-term refinancing operations are being discussed and that the eurozone slowdown is stronger and broader than expected. The euro fell to $1.1231, its lowest since November 12.
Germany narrowly avoided a technical recession.
A weaker euro makes US dollar-priced commodities relatively more expensive for European buyers and can shift export competitiveness. The prospect of more ECB lending adds to the monetary-policy backdrop.
irishtimes.comSarah ProvanFeb 15, 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.
