
EUR/USD fell below $1.15 to its lowest since July 2017 after US consumer price data showed headline inflation at 2.9% and core accelerating to 2.4%. Traders priced in two Federal Reserve rate hikes this year.
Stronger US inflation data raised expectations of Fed tightening, lifting the dollar and pressuring the euro, which tends to weigh on dollar-denominated grain and feed prices.
After 53 past bullish report events, US Dollar (Broad) moved a median +0.1% over 5 sessions (51% higher; middle half -0.4% to +0.5%), and +0.5% over 20.
After 15 past bearish report events, Euro (USD per EUR) moved a median +0.0% over 5 sessions (60% higher; middle half -0.6% to +0.4%), and -0.0% 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.