
The ECB said its monthly bond-buying program of 30 billion euros will be cut to 15 billion euros in the last quarter of 2018 and likely end in December. Interest rates are expected to stay at present levels at least through summer 2019.
The plan depends on incoming economic data.
The ECB's policy path shifts the euro-dollar outlook, which affects dollar-based feed commodity prices and the competitiveness of US exports.
After 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.