# Account of the monetary policy meeting

> 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.

- Date: 2018-01-11 · published 2018-01-11T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/67189-account-of-the-monetary-policy-meeting
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

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.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-09-27 | [As the US Dollar weakens, the British Pound rises, reversing its recent decline against it - VT Markets](https://feedsoft.ai/events/23148-as-the-us-dollar-weakens-the-british-pound-rises-reversing-its-recent-decline.md) | -0.3% | +0.3% |
| DXY | 2021-05-13 | [The Federal Reserve and U.S. Treasury Did Not Intervene in FX Markets During the First Quarter - FEDERAL RESERVE BANK of NEW YORK](https://feedsoft.ai/events/47283-the-federal-reserve-and-u-s-treasury-did-not-intervene-in-fx-markets-during-the.md) | -0.6% | -0.9% |
| DXY | 2019-02-14 | [The Federal Reserve and U.S. Treasury Did Not Intervene in FX Markets During the Fourth Quarter - FEDERAL RESERVE BANK of NEW YORK](https://feedsoft.ai/events/60505-the-federal-reserve-and-u-s-treasury-did-not-intervene-in-fx-markets-during-the.md) | -0.6% | -0.3% |
| DXY | 2022-02-10 | [The Federal Reserve and U.S. Treasury Did Not Intervene in FX Markets During the Fourth Quarter - FEDERAL RESERVE BANK of NEW YORK](https://feedsoft.ai/events/42874-the-federal-reserve-and-u-s-treasury-did-not-intervene-in-fx-markets-during-the.md) | -0.1% | +1.7% |
| DXY | 2023-10-11 | [Dollar steady on underlying moderate PPI data, dovish Fed officials](https://feedsoft.ai/events/33532-dollar-steady-on-underlying-moderate-ppi-data-dovish-fed-officials.md) | +0.2% | -0.7% |

## Sources

- ecb.europa.eu: https://www.ecb.europa.eu/press/accounts/2018/html/ecb.mg180111.en.html

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.