# Account of the monetary policy meeting

> The ECB published the account of its June monetary policy meeting. It reported rising global risk aversion, escalating trade tensions, and steel and aluminium tariffs on Canada, Mexico and the EU. It also noted that the spread between two-year US and German yields had widened to over 300 basis points.

- Date: 2018-07-12 · published 2018-07-12T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/64245-account-of-the-monetary-policy-meeting
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Wider rate differentials and trade-driven volatility tend to support the dollar, which pressures dollar-priced agricultural commodities for importers.

## Read by commodity

- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2018-08-23 | [Account of the monetary policy meeting](https://feedsoft.ai/events/63734-account-of-the-monetary-policy-meeting.md) | +0.9% | +1.3% |
| EURUSD | 2019-08-22 | [Account of the monetary policy meeting](https://feedsoft.ai/events/57801-account-of-the-monetary-policy-meeting.md) | -0.1% | -0.5% |
| EURUSD | 2019-05-23 | [Account of the monetary policy meeting](https://feedsoft.ai/events/59290-account-of-the-monetary-policy-meeting.md) | -0.1% | +1.1% |
| EURUSD | 2018-04-12 | [Account of the monetary policy meeting](https://feedsoft.ai/events/65690-account-of-the-monetary-policy-meeting.md) | -0.0% | -4.3% |
| EURUSD | 2016-11-17 | [Account of the monetary policy meeting of the Governing Council of the European Central Bank](https://feedsoft.ai/events/8331-account-of-the-monetary-policy-meeting-of-the-governing-council-of-the-european.md) | -1.3% | -3.0% |

## Sources

- ecb.europa.eu: https://www.ecb.europa.eu/press/accounts/2018/html/ecb.mg180712.en.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.