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ECB chief economist Peter Praet said the recent surge in euro zone inflation is temporary and that the ECB will keep its stimulus until higher inflation is judged sustainable. He added that the current environment still falls short of a sustained move toward the 2% target.
Continued ECB stimulus keeps pressure on the euro against the dollar, which tends to support dollar-priced commodity exports from the U.S. and Brazil. The effect is a currency-driven shift rather than a direct supply or demand change.
reuters.comFeb 2, 2017After 533 past bearish macro events, EURUSD moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% 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.
