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UOB expects one final 25 basis-point ECB hike in September, taking the deposit rate to 2.50%, followed by a pause. EUR/USD slipped slightly to 1.1369 after ECB member Gediminas Simkus said a hike was more likely than a hold.
Expected ECB tightening supports the euro against the dollar, which modestly weighs on dollar-denominated grain and oilseed prices.
After 388 past bullish macro events, Euro (USD per EUR) moved a median +0.3% over 5 sessions (62% higher; middle half -0.4% to +1.1%), and +0.1% 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.