
The euro traded near $1.05 on Friday, down about 7% year to date and 14% below year-ago levels. The euro is close to parity with the dollar as the Federal Reserve tightens while the ECB has yet to move.
A weak euro raises eurozone import costs and inflation, while a strong dollar makes US feed ingredients relatively cheaper to Europe but pressures dollar commodity prices.
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.
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.
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.