
The euro rose above $1.20 against the dollar, its highest level since 2021, and was up about 2.1% in January. The move reflects broad selling of the dollar as investor sentiment toward the US currency weakens.
A weaker dollar typically makes dollar-priced commodities cheaper for buyers outside the US, which can support US feed grain and oilseed prices and firm import demand.
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.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.