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The euro has fallen about 9% against the dollar since the start of 2021 and dropped 3% in November amid COVID violence in European capitals, migration pressure at the Belarus-Poland border, and Russian troops near Ukraine. Analysts note the euro remains stronger than in 2020.
A weaker euro makes US exports cheaper for European buyers, supporting US feed commodity demand, while European feed import costs rise.
theconversation.comKeith PilbeamNov 23, 2021After 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.
