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The ECB's December 2017 Economic Bulletin reports that the Governing Council judged monetary accommodation still necessary after a strong euro-area expansion. Growth was described as solid and broad-based, while domestic price pressures remained muted.
Ongoing ECB stimulus and a strong euro-area economy shape the euro's path against the dollar, which in turn affects the USD value of euro-linked feed trade. The impact on grain and feed prices is indirect.
ecb.europa.euPrepared by Irma Alonso Álvarez, Frauke SkudelnyDec 28, 2017After 129 past neutral macro events, EURUSD moved a median -0.1% over 5 sessions (45% higher; middle half -0.5% to +0.5%), and +0.1% 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.
