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The dollar edged higher against the euro on Monday, near a 10-week high, after German Chancellor Angela Merkel said she would not seek re-election as CDU chair. Strong U.S. consumer spending data also supported the dollar against other major currencies.
A firmer dollar and weaker euro make U.S. feed commodities less competitive for European buyers and can weigh on dollar-denominated grain and oilseed prices.
cnbc.comReutersOct 29, 2018After 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.
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.
