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EUR/USD rose 62 pips to 1.1228 as WTI dropped 6.28% to $97.58 and the dollar index fell to 101.53. The euro is capped by a 150-basis-point gap between Fed and ECB policy rates and Fitch's negative outlook on France.
The oil-driven drop lowers energy and fertiliser cost pressure for feed producers, while a weaker dollar supports US commodity prices in dollar terms for importers in euro-area markets.
tradingnews.comItai SmidtNov 2, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
