# Introductory statement to the press conference (with Q&A)

> 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.

- Date: 2017-01-19 · published 2017-01-19T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/73195-introductory-statement-to-the-press-conference-with-q-and-a
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

An extended ECB easing stance keeps the euro under pressure against the dollar, which supports EU export competitiveness and shapes dollar-denominated commodity prices.

## Read by commodity

- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2019-01-24 | [Introductory statement to the press conference (with Q&A)](https://feedsoft.ai/events/61303-introductory-statement-to-the-press-conference-with-q-and-a.md) | +0.2% | -0.4% |
| EURUSD | 2017-03-09 | [Introductory statement to the press conference (with Q&A)](https://feedsoft.ai/events/72197-introductory-statement-to-the-press-conference-with-q-and-a.md) | +0.8% | +1.1% |
| EURUSD | 2018-12-13 | [Introductory statement to the press conference (with Q&A)](https://feedsoft.ai/events/61765-introductory-statement-to-the-press-conference-with-q-and-a.md) | +0.5% | +0.3% |
| EURUSD | 2020-12-11 | [Christine Lagarde: ECB press conference - introductory statement](https://feedsoft.ai/events/49858-christine-lagarde-ecb-press-conference-introductory-statement.md) | +1.2% | +0.4% |
| EURUSD | 2019-09-12 | [ECB press conference - introductory statement \| Bank for International Settlements](https://feedsoft.ai/events/57277-ecb-press-conference-introductory-statement-bank-for-international-settlements.md) | +0.5% | -0.2% |

## Sources

- ecb.europa.eu: https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2017/html/is170119.en.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.