
The euro rose 0.6 percent above 1.18 per dollar after ECB President Draghi said underlying inflation would rise as a tightening labor market pushes up wages. German 10-year yields reached their highest since mid-June, and the ECB kept rates unchanged earlier that month.
A firmer euro and higher European yields reduce dollar strength, which can support dollar-priced commodity values and ease import costs for EU feed buyers.
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.
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.
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.