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The ECB kept its main refinancing rate at 0.00%, marginal lending rate at 0.25% and deposit rate at -0.40%. It said asset purchases at €30 billion monthly would run until end-September 2018 or beyond if needed.
Unchanged euro-zone policy with a long-dated easing outlook tends to keep the euro weak versus the dollar, which supports dollar-priced commodities and can lift US export competitiveness for feed grains and meals.
ecb.europa.euEuropean Central BankApr 26, 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.
