
The euro fell back below parity with the dollar after the ECB raised its deposit rate by 75 basis points to 1.5%. Separately, US third-quarter GDP grew 2.6%, above expectations.
A firmer dollar makes US commodity exports more expensive for foreign buyers and tends to pressure grain and oilseed prices. Stronger US growth also supports the dollar.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
After 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.