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The euro hit its lowest level since June 23 against the dollar, falling as much as 0.5% and trading near $1.1543. Investors reassessed the US-EU trade deal, which critics say favours the US, and some euro positions were liquidated.
Euro-zone leaders, including France and Germany, criticised the deal.
A stronger dollar supports US-priced commodities for import-dependent buyers in Europe and lowers the cost of US feed ingredients. The move reflects currency positioning more than a change in commodity supply.
tradingview.comJul 29, 2025After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
After 533 past bearish macro events, Euro (USD per EUR) moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% 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.
