
The euro traded near $1.12 in Asian trade on November 3 as October PMI surveys showed US manufacturing expanding to 55.5 while euro-area factory growth eased to 52.7. The ISM Prices Index fell to 75.2 from 77.9, and investors watched the US midterm elections.
Stronger US manufacturing and a firmer dollar tilt the currency balance toward US exporters, while easing input-price pressure in the US is a mild signal for the price outlook for feed ingredients; the link to grain prices is indirect.
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.
After 533 past bearish macro events, Euro (USD per EUR) moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% 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.