
The euro closed Friday at $1.1024, its lowest New York close since April 2025 and a fourth straight weekly decline. The move is attributed to a wide interest rate gap between the Fed and the ECB.
A stronger dollar against the euro lowers the cost of US exports for dollar-based feed commodities priced into Europe, but raises costs for European importers, which can soften EU demand for US feed ingredients.
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.