
The euro fell about 1.3% to $1.1656 after the ECB said it would halve bond purchases to €30 billion a month from January while extending the program nine months. US Treasury yields rebounded after the House passed a fiscal 2018 budget that paves the way for tax cuts.
Higher US yields and a firmer dollar pressure dollar-priced grains and oilseeds, while tax-cut expectations support US growth sentiment.
After 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.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.