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The euro rose 0.7% against the dollar as sentiment improved, with a stronger-than-expected ZEW survey for Germany and the euro area. Scotiabank noted EUR/USD cleared its 50-day moving average around 1.1666 and is seen trading in a 1.17 to 1.18 range.
A firmer euro and weaker dollar mainly shift currency-driven feed import costs for euro-area buyers and marginally support dollar-priced commodities. The move is technical commentary with limited direct effect on feed supply.
fxstreet.comFXStreet Insights TeamJan 20, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
A stronger-than-expected ZEW survey improved euro sentiment and pushed EUR/USD through its 50-day moving average on the day.
