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Markets expected the ECB to keep rates on hold on April 26, with attention on Draghi's press conference. The euro had weakened against sterling and the dollar ahead of the decision, partly on rising US Treasury yields.
Expectations of a dovish ECB tone point to continued euro weakness, which tends to support dollar-priced commodity imports into Europe and make US feed ingredients relatively cheaper.
smartcurrencybusiness.comChristopher NyeApr 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.
