Laden…
The ECB's account of its July monetary policy meeting reviews financial markets since June. It notes US and German yield curves kept flattening and term premia fell deeper into negative territory, partly due to trade-dispute uncertainty driving demand for safe-haven government bonds.
Market expectations for the first ECB rate hike were pushed further out.
Lower yields and a delayed ECB tightening weaken the euro relative to the dollar, which affects dollar-denominated feed commodity prices and import costs for European buyers. The effect on grain and oilseed prices is indirect.
ecb.europa.euEuropean Central Bank23 aug 2018Na 533 eerdere neerwaarts macro-gebeurtenissen bewoog Euro (USD per EUR) zich mediaan -0,3% over 5 sessies (33% hoger; middelste helft -1,2% tot +0,2%), en -0,5% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
