
The euro rose to a near three-month high of 1.1941 on Nov 26 as the dollar fell on weak US data and vaccine optimism. Fed minutes signaled the central bank might strengthen its quantitative easing guidance at the December meeting.
Expectations of more Fed easing and a weaker dollar can support dollar-priced commodities and emerging-market demand, a meaningful macro driver for feed price direction.
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.