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The euro fell about 0.55% after ECB President Draghi reaffirmed that rates would stay low through next summer. Draghi said inflation uncertainty was receding but that it was too early to call victory on inflation.
A dovish ECB weakens the euro against the dollar, which tends to make dollar-priced commodities such as soybean meal and corn relatively more expensive for European buyers.
devdiscourse.comReutersJul 28, 2018After 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.
