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ECB Governing Council member Robert Holzmann said a September rate hike was still possible, even though policymakers are considering a pause because growth is deteriorating and recession risk is rising. August euro zone inflation held at 5.3%, against expectations of a decline.
Interest-rate expectations drive currency moves and, through them, the dollar value of imported feed commodities. The mixed signal leaves the euro's direction unclear, so the impact on feed prices is minimal.
reuters.comAug 31, 2023After 1,108 past macro events, Euro (USD per EUR) moved a median -0.1% over 5 sessions (46% higher; middle half -0.7% to +0.6%), and -0.3% 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.
