
The dollar rose to fresh 20-year highs and the euro hit a new two-decade low as rising energy prices weighed on the euro zone economy. The dollar gained safe-haven appeal in the process.
Stronger dollar and higher energy costs in Europe shift currency relationships that affect dollar-denominated grain and meal prices and the cost of imported feed for euro-based buyers.
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.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.