Analysts expect the euro to soften this week as ECB officials back an additional rate hike in December. Concerns over French fiscal and political conditions and warnings against yen weakness from Japanese officials are also weighing on the currency.
Forecast ranges are 1.0950-1.1250 for EUR/USD and 173-179 yen for EUR/JPY.
A weaker euro raises the cost of dollar-priced commodities for European buyers, while a stronger dollar pressures US feed prices. The effect on feed markets is limited.
After 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.