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ECB policymaker Yannis Stournaras called for faster bond purchases under the Pandemic Emergency Purchase Programme to calm markets. Euro zone bond yields were set for their biggest monthly rise in three years.
Expanded ECB bond buying tends to weaken the euro and ease euro-area borrowing costs. A weaker euro can support dollar-denominated commodity demand from euro-area buyers.
reuters.comFrancesco CanepaFeb 26, 2021After 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.
ECB's Stournaras calling for faster PEPP bond buying signaled dovish policy to cap euro zone yields, weakening the euro on the day.
