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The euro edged up against the dollar after the ECB held rates. The dollar index fell 0.14% to 101.98, and the dollar weakened against the Swiss franc.
Fed Chair Kevin Warsh said inflation can return to 2% without major growth damage, and markets still price a high chance of a December Fed rate hike.
A firmer euro and softer dollar tend to support US grain and meal export competitiveness, while expectations of Fed tightening keep dollar strength a counterweight for commodity prices.
channelnewsasia.comOct 29, 2026After 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.
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.
