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Mario Draghi and Vítor Constâncio held the ECB press conference on January 19, 2017, after keeping key rates unchanged. Draghi said the ECB expects rates to remain at present or lower levels for an extended period and that asset purchases will continue as previously announced.
An extended ECB easing stance keeps the euro under pressure against the dollar, which supports EU export competitiveness and shapes dollar-denominated commodity prices.
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.
