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ECB Vice-President Constâncio said the Governing Council substantially reduced asset purchases at its October 26 meeting, while still judging ample stimulus necessary. He pointed to a robust, broad-based euro area expansion and a gradual rise in underlying inflation.
A steady euro area expansion supports European demand for feed, while the ECB's gradual policy normalisation shapes the euro's longer-term path against the dollar.
ecb.europa.euEuropean Central BankNov 13, 2017After 1,108 past macro events, Euro (USD per EUR) moved a median -0.1% over 5 sessions (46% higher; middle half -0.7% to +0.6%), and -0.3% 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.
