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The ECB's June 2017 Economic Bulletin says the euro-area economy is growing faster than expected and deflation risks have largely vanished. The bank dropped its reference to lower rates from forward guidance, but says underlying inflation remains subdued and monetary accommodation stays appropriate.
A firmer euro-area outlook and a slower path to easy money can support the euro against the dollar, a factor for dollar-priced feed commodity trade.
ecb.europa.euEuropean Central BankJun 22, 2017After 20 past bullish report events, EURUSD moved a median +0.7% over 5 sessions (70% higher; middle half -0.0% to +1.6%), and +1.1% 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.
