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The ECB published the account of its December 2017 monetary policy meeting, covering financial market developments. It noted a significant flattening of the US Treasury yield curve, with the 10-year to 2-year spread below 60 basis points.
Yield curve flattening reflects expectations about Fed tightening and term premiums, which influence the dollar and therefore dollar-priced agricultural commodities, though the link is indirect.
ecb.europa.euEuropean Central BankJan 11, 2018After 23 past neutral report events, US Dollar (Broad) moved a median +0.1% over 5 sessions (57% higher; middle half -0.2% to +0.4%), 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.
