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CNBC examines whether the euro could challenge the dollar's reserve-currency status, noting the dollar holds nearly 60% of global FX reserves versus about 20% for the euro. Analysts were divided on the euro's prospects, and the dollar index had fallen sharply during the tariff volatility.
Any sustained shift away from the dollar would influence the cost of dollar-denominated grain and oilseed trade, but the change is a long-term question rather than a current price driver.
cnbc.comChloe TaylorMay 30, 2025After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), 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.
