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European stock markets closed slightly lower on June 15 after the ECB raised its benchmark rate by 25 basis points. The euro rose about 0.4% against the dollar after the decision, following a Fed hold the previous day.
The move reflects a rate-driven currency shift rather than a direct change in feed supply or demand. Its relevance to feed prices is limited to currency effects on import costs.
cnbc.comHannah Ward-Glenton, Holly EllyattJun 15, 2023After 388 past bullish macro events, Euro (USD per EUR) moved a median +0.3% over 5 sessions (62% higher; middle half -0.4% to +1.1%), 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.
