
The euro fell to $1.1660 on Wednesday, moving away from a three-month high of $1.1712 after a Reuters report said ECB policymakers were preparing to raise rates in September. The Dollar Index rose 0.1% as long-term Treasury yields rebounded.
The ECB had raised rates in June for the first time in nearly three years.
Diverging central bank paths between the ECB and Fed set the dollar's direction, which affects dollar-priced commodity exports. The price effect on feed markets is indirect.
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.