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The ECB kept its main refinancing rate at 0.00% and deposit facility rate at -0.40% on January 19, 2017. It confirmed asset purchases of 80 billion euros monthly until March, then 60 billion euros monthly from April through December 2017.
Continued ECB easing keeps the euro weak against the dollar, which supports EU export competitiveness for feed products while modestly supporting dollar-denominated commodity values.
ecb.europa.euEuropean Central BankJan 19, 2017After 533 past bearish macro events, Euro (USD per EUR) 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.
