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The euro rose to a more than one-week high against the dollar after hawkish comments from ECB officials raised bets on euro zone rate hikes. Expectations that Emmanuel Macron would win the French presidential runoff also supported the currency.
Rate-hike expectations and political relief strengthen the euro, which tends to pressure dollar-priced commodities in euro terms. The impact on feed prices is limited.
cnbc.comReutersApr 21, 2022After 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.
