
The dollar gained against the euro on Friday, its first weekly gain since mid-June, after strong US business activity data. The euro fell to a one-week low near $1.175 as European PMI surveys pointed to a slowing recovery.
A firmer dollar on relative US growth strength is mildly bearish for dollar-priced grains and meal, as it makes US exports pricier for buyers using euros.
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.
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.
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.