The euro rose against the dollar after euro zone flash inflation for the first quarter came in at 1.9 percent, above forecasts. The dollar gained against the yen after US wage data suggested the Federal Reserve may hike rates twice more this year.
Stronger euro zone inflation and firmer US rate expectations shift currency flows that affect the relative cost of dollar-priced grain and meal for European and Asian 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 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.