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The ECB kept its key interest rates unchanged at its 27 April 2017 meeting and confirmed net asset purchases of 60 billion euros per month through December 2017 or beyond if necessary. Draghi said the euro area recovery is becoming increasingly solid and downside risks have diminished, while underlying inflation remains subdued.
Continued ECB easing supports a weaker euro versus the dollar, which tends to make dollar-priced US commodities relatively cheaper for European buyers and supports euro-area feed demand.
ecb.europa.euEuropean Central BankApr 27, 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.
