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EUR/USD fell below 1.1250 after ECB official Benoît Coeuré said the inflation path will be shallower and the economic slowdown broader than expected. He also said a new TLTRO is possible and is being discussed.
The euro was trading near two-week lows.
The move reflects weaker euro-area growth and expectations of more ECB easing, which push the euro lower against the dollar. A weaker euro affects the cost of dollar-priced feed imports for European buyers.
investinglive.comFeb 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.
