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The euro fell 0.6% to a 22-month low of $1.1141 on Thursday after a surprise drop in German business morale. Political uncertainty in Spain ahead of a polarised Sunday election added to the pressure.
The European Central Bank has pushed back its first rate hike, widening the gap with the US economy.
A weaker euro against the dollar makes US grain, oilseed and meal exports more competitive for euro-linked buyers and tends to weigh on dollar-denominated feed prices.
thenationalnews.comReutersApr 25, 2019After 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.
