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The ECB kept its main refinancing rate at 0.00%, the deposit rate at -0.40% and the marginal lending rate at 0.25%. It confirmed monthly net asset purchases of €60 billion through December 2017 or longer if needed.
Unchanged ultra-easy policy keeps the euro under less upward pressure than a tightening would, so the currency impact on dollar-priced grain and meal is limited.
ecb.europa.euEuropean Central BankJul 20, 2017After 129 past neutral macro events, Euro (USD per EUR) 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.
