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The ECB kept rates steady and cut its inflation forecasts, and EUR/USD rose. The page also shows several unrelated market snapshots, including oil and gold items with 2024 timestamps.
A softer ECB inflation outlook weakens the case for tight European policy and moves the euro against the dollar, affecting the dollar value of feed commodity trade.
dailyfx.comZain VawdaDec 14, 2023After 388 past bullish macro events, Euro (USD per EUR) moved a median +0.3% over 5 sessions (62% higher; middle half -0.4% to +1.1%), and +0.1% 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.
ECB holding rates steady coincided with EUR/USD rising, though the lowered inflation forecasts are mildly dovish and the contribution is less direct.
