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The euro rose nearly 0.7% against the dollar on October 28, 2021, as currency traders reacted to interest rate market moves and comments from ECB President Christine Lagarde. The dollar index fell 0.6% in the same session, with the euro trading near $1.168.
A weaker dollar and firmer euro shift relative import costs for feed ingredients priced in dollars and can support US export competitiveness and commodity prices in dollar terms.
globalbankingandfinance.comJessica Weisman-PittsOct 28, 2021After 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.
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.
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.
