
The euro gained on Friday as ECB policymakers appeared relaxed about its recent appreciation, reportedly agreeing to look through the rise. ECB chief economist Philip Lane warned a strong euro would further damp price pressures.
The dollar index was set for a second weekly gain as equity markets fell.
Mixed ECB signals leave the euro's direction uncertain, and a firmer dollar index tends to pressure dollar-denominated grain and meal prices.
After 129 past neutral macro events, Euro (USD per EUR) moved a median -0.1% over 5 sessions (45% higher; middle half -0.5% to +0.5%), and +0.1% 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.