
A South China Morning Post column argues the euro could strengthen further in 2018, supported by strong euro-zone PMI readings and dollar weakness. It notes that a rising euro complicates the ECB's inflation goal.
A stronger euro against the dollar tends to weigh on dollar-denominated commodity prices and can lower the local cost of imported feed for European buyers. The effect is a modest macro driver rather than a direct supply shift.
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.