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UBS kept its end-2026 EUR/USD forecast of 1.16 after ECB President Christine Lagarde announced her departure, saying the euro's decline has exceeded what fundamentals imply. The euro rose about 0.4% to around $1.12 as lower oil prices helped, while French fiscal concerns, including a Fitch warning, limit gains.
This is an analyst forecast on currency valuation with no direct change in supply or demand for feed ingredients; the link to grain and meal prices is indirect and runs through oil and dollar moves.
exchangerates.org.ukDave TaylorNov 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.
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.
