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The ECB's Economic Bulletin for Issue 1, 2017 says recent euro area inflation increases are largely due to base effects in energy prices, while underlying inflation remains subdued. It describes a continued moderate rebound in world activity and risks tied to political uncertainty.
The euro exchange rate was broadly stable in trade-weighted terms.
The bulletin signals that the ECB will keep its accommodative stance, which underpins euro weakness versus the dollar. Stable euro zone growth supports steady import demand for feed ingredients, with no clear immediate price shock.
ecb.europa.euEuropean Central BankFeb 2, 2017After 1,108 past macro events, EURUSD moved a median -0.1% over 5 sessions (46% higher; middle half -0.7% to +0.6%), and -0.3% 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.
