Loading…
The euro settled lower after the ECB kept its policy rate unchanged and signaled record-low rates through next summer. The euro traded at $1.1656, while the yen gained.
Trump and Juncker also agreed to negotiate toward zero tariffs on non-auto industrial goods and to refrain from car tariffs.
The US-EU trade de-escalation reduces near-term risk of retaliatory tariffs on agricultural goods, while the ECB stance keeps the euro under pressure against the dollar.
cnbc.comReutersJul 25, 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.
