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Southern European government bonds rallied as investors grew confident that policymaker concern over the strong euro would slow the ECB's withdrawal of stimulus. Sources said asset purchases will likely be phased out slowly.
Expectations of slower ECB tapering keep the euro firm and the dollar softer, a macro backdrop that tends to support dollar-denominated commodity prices.
reuters.comSep 1, 2017After 388 past bullish macro events, Euro (USD per EUR) moved a median +0.3% over 5 sessions (62% higher; middle half -0.4% to +1.1%), 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.
