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EUR/USD edged up to about 1.1240 in early Asian trading on Wednesday as US midterm election uncertainty weighed on the dollar. ECB Governing Council member Joachim Nagel said the central bank will probably raise rates next month due to a worsening inflation outlook.
A stronger euro and expectations of ECB tightening affect dollar-denominated commodity pricing and European feed import costs only indirectly. The effect on grain and meal prices is limited compared with energy and currency-wide moves.
fxstreet.comLallalit SrijandornNov 4, 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.
After 1,637 past bearish macro events, DXY moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
