The euro rose to about $1.17 on April 30 after the ECB held rates and kept options open for June and beyond. Eurozone inflation hit 3% in April, while economic growth slowed to 0.1% in the first quarter.
Markets priced around 75 basis points of hikes by year-end.
A firmer euro against the dollar makes US commodities relatively cheaper for European buyers, while a stronger dollar typically pressures dollar-priced grains and oilseeds. The rate outlook is a secondary driver for feed markets compared with energy 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.