
The euro rose for a seventh straight session to a nine-month high of about 1.0929 against the dollar, as ECB remarks pointed to 0.5% hikes at the February and March meetings. The dollar index fell to eight-month lows near 101.50 ahead of US fourth-quarter GDP data.
A weaker dollar index generally supports US commodity prices in global markets and can encourage more export demand, though the effect on feed prices is usually modest.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
After 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.