
The ECB raised its pandemic emergency purchase programme from €1.35 trillion to €1.85 trillion and extended it to at least March 2022. It also extended cheap bank financing at rates as low as minus 1 percent until June 2022.
The bank expects the euro-zone economy to contract 2.2 percent in the fourth quarter.
Larger bond buying and cheap bank credit weaken the euro relative to the dollar and support risk assets and commodity demand. The added liquidity is a moderate tailwind for the broader commodity complex.
Setelah 533 peristiwa makro bearish sebelumnya, Euro (USD per EUR) bergerak median -0,3% selama 5 sesi (33% lebih tinggi; separuh tengah -1,2% sampai +0,2%), dan -0,5% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.