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The European Central Bank cut its deposit rate by 25 basis points to 2.25% on April 17, its seventh cut this cycle. It cited exceptional uncertainty from trade tensions and dropped the reference to rates being restrictive, and traders increased bets on further easing.
Easier ECB policy tends to weaken the euro against the dollar, which can make US exports to Europe cheaper and EU feed imports pricier in dollar terms. The macro shift matters for feed buyers mainly through currency and energy-linked input costs.
reuters.comYoruk BahceliApr 17, 2025After 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.
