
EUR/USD traded near 1.1560 after being rejected at 1.1580, close to support at 1.1540. Markets awaited the Eurozone preliminary October HICP release, expected to show headline inflation easing to 2.1% and core to 2.3%.
A firmer dollar makes US-priced feed ingredients like soybean meal and corn more expensive for euro-based buyers, while easing eurozone inflation could keep the ECB on hold and sustain the dollar's strength.
After 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.