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The euro slipped slightly against the dollar, returning to about $1.11, as oil prices swung on US strikes on Iran's Qeshm Island and later on reports of possible US-Iran concessions. Brent rose to about $106 and then fell to $102; the ECB fixed the euro at 1.1179.
Oil swings tied to the Iran conflict feed through to energy and fertilizer costs for feed producers and move the dollar, which influences dollar-priced feed ingredient flows.
rtp.ptLusaNov 3, 2026After 312 past bearish macro events, BRENT moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% over 20.
After 533 past bearish macro events, EURUSD moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% over 20.
After 2,356 past bullish macro events, DXY moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
