The euro traded near $1.18 after national inflation reports from Germany, France, Spain and Italy showed rising prices. Euro-zone inflation was expected to reach a five-month high in September, which reinforces expectations that the ECB will hold rates.
Sticky euro-zone inflation and expected ECB holds keep the euro-dollar rate range-bound, which has only a modest effect on the dollar cost of European-sourced feed inputs.
After 129 past neutral macro events, Euro (USD per EUR) moved a median -0.1% over 5 sessions (45% higher; middle half -0.5% to +0.5%), 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.