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The ECB's Economic Bulletin reports that the euro area economy continues broad-based expansion with gradually rising inflation, though global momentum is expected to moderate. The bank says significant monetary stimulus is still needed and net asset purchases continue until year-end.
Continued ECB easing supports the euro's relative weakness against the dollar, which can affect EU feed import costs and competitiveness of US and Brazilian meal exports priced in dollars.
ecb.europa.euPrepared by Allan Gloe Dizioli, Björn van RoyeSep 27, 2018After 533 past bearish macro events, EURUSD 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.
