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The ECB published research saying the euro's earlier appreciation could keep weighing on inflation for several more quarters. The effect may be offset by firms' greater pricing power.
The euro has partly reversed its gains in recent weeks.
This is a research view on inflation and policy rather than a new shock to currency markets, so its effect on feed commodity prices is limited.
reuters.comJun 27, 2018After 1,108 past macro events, Euro (USD per EUR) moved a median -0.1% over 5 sessions (46% higher; middle half -0.7% to +0.6%), and -0.3% 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.
