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The ECB left its policy rates and €60 billion monthly bond purchases unchanged, as expected by most analysts in a Reuters poll. The euro zone economy has grown for 17 straight quarters, and the bank kept the option to expand stimulus if the outlook worsens.
Slow, gradual tightening signals a limited near-term change in the euro's dollar value, so the impact on EUR-linked feed import costs is modest.
irishtimes.comThuJul 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.
