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The euro rose to a 2.5-week high against the dollar, trading at $1.1794, after German third-quarter GDP grew 0.8% on the quarter versus a 0.6% forecast. The ZEW investor sentiment index also improved in November.
A firmer euro on stronger German growth tends to weaken the dollar, which can lift dollar-priced commodities and reduce the cost of EU-sourced feed ingredients.
cnbc.comReutersNov 14, 2017After 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.
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.
