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The euro traded near $1.165 as investors awaited Warsh's Jackson Hole speech. French and Spanish inflation data pointed to renewed price pressure and stronger expectations of an ECB hike in September.
The article also reports the euro weakening toward a 17-month low, with oil prices rebounding on Hormuz shipping attacks.
Energy-driven inflation and rate expectations shape currency moves that affect dollar-priced agricultural exports. A weaker euro and firmer dollar can lower US grain and oilseed export competitiveness.
tradingeconomics.comJoana FerreiraAug 28, 2026After 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.
