# Account of the monetary policy meeting of the Governing Council of the European Central Bank

> 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.

- Date: 2016-11-17 · published 2016-11-17T12:00:00.000Z
- Category: macro · region Euro area · magnitude low
- Page: https://feedsoft.ai/events/8331-account-of-the-monetary-policy-meeting-of-the-governing-council-of-the-european
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Diverging central bank policies and a stronger dollar against the euro can shift export competitiveness and influence dollar-denominated feed commodity prices.

## Read by commodity

- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2019-08-22 | [Account of the monetary policy meeting](https://feedsoft.ai/events/57801-account-of-the-monetary-policy-meeting.md) | -0.1% | -0.5% |
| EURUSD | 2018-08-23 | [Account of the monetary policy meeting](https://feedsoft.ai/events/63734-account-of-the-monetary-policy-meeting.md) | +0.9% | +1.3% |
| EURUSD | 2019-05-23 | [Account of the monetary policy meeting](https://feedsoft.ai/events/59290-account-of-the-monetary-policy-meeting.md) | -0.1% | +1.1% |
| EURUSD | 2018-07-12 | [Account of the monetary policy meeting](https://feedsoft.ai/events/64245-account-of-the-monetary-policy-meeting.md) | -0.7% | -1.1% |
| EURUSD | 2018-04-12 | [Account of the monetary policy meeting](https://feedsoft.ai/events/65690-account-of-the-monetary-policy-meeting.md) | -0.0% | -4.3% |

## Sources

- ecb.europa.eu: https://www.ecb.europa.eu/press/accounts/2016/html/mg161117.en.html

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