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The euro rose against the dollar on November 2 to about $1.1199, while sterling gained modestly to about $1.3402. Concerns over French public finances limited the euro's gains after Fitch revised France's outlook to negative.
The Bank of England is due to decide on rates on November 5, with a hike widely expected.
A weaker dollar and firmer European currencies lower the cost of US-priced feed inputs for European buyers and can support US export competitiveness. The dollar's direction is a background factor for grain and oilseed price moves.
economies.comRami HaddadNov 2, 2026After 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.
Not enough comparable past events yet for a historical read.
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.
