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The European Central Bank's account of its January 2017 meeting reviews financial market developments, including volatility in global bond yields, a pause in the rise of US Treasury yields, and strong global equity markets. It also notes money market pressures in the euro area around the turn of the year.
Changes in global bond yields and currency expectations influence the dollar and euro, which indirectly affect the pricing of internationally traded feed commodities.
ecb.europa.euEuropean Central BankFeb 16, 2017After 4,478 past macro events, US Dollar (Broad) moved a median +0.0% over 5 sessions (51% higher; middle half -0.4% to +0.5%), and +0.1% over 20.
After 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.
