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ECB Executive Board member Peter Praet, speaking in Sofia, said unconventional measures have ended deflation risks and the euro-area recovery is broadening. Real GDP grew 1.7% year-on-year in Q1 2017, above potential growth of about 1%.
Strengthening euro-area growth supports the case for eventual ECB tightening, which tends to firm the euro and soften the dollar, a modest tailwind for dollar-priced commodities.
ecb.europa.euEuropean Central BankMay 24, 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.
