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Euro-area finance ministers discussed Klaas Knot and Pablo Hernández de Cos as candidates to succeed Christine Lagarde as ECB president, but did not recommend either candidate. They are waiting for EU leaders to reach a political agreement, with the appointment process intended to move forward by year-end.
The leadership decision could influence expectations for future ECB policy and the euro, but no candidate was selected and there is no direct feed-supply effect yet.
globalbankingandfinance.comBarnali Pal SinhaNov 9, 2026After 1,108 past macro events, Euro (USD per EUR) moved a median -0.1% over 5 sessions (46% higher; middle half -0.7% to +0.6%), and -0.3% 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.
