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The euro gained against the dollar after ECB President Christine Lagarde said another rate increase is likely before year-end, though rates were held at the latest meeting. Markets largely expect a 25 basis point hike in December, taking the deposit rate to 2.75%.
Expected ECB tightening supports the euro and raises financing costs for European livestock and feed operators, while the stronger euro makes EU feed imports cheaper.
theportugalnews.comKate SreenarongNov 3, 2026After 388 past bullish macro events, EURUSD 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.
