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The ECB published the account of its October 2016 monetary policy meeting. It reviewed the rise in U.S. Treasury yields after the Bank of Japan's policy shift and strong U.S. data, which lifted the dollar by 2% against the euro and 8% against sterling.
Diverging central bank policies and a stronger dollar against the euro can shift export competitiveness and influence dollar-denominated feed commodity prices.
ecb.europa.euEuropean Central BankNov 17, 2016After 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.
