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Scotiabank reports the euro slightly lower against the dollar as ECB officials keep a hawkish stance and a December hike remains priced. The bank sees EUR/USD heading toward the 1.1275 ceiling after a rebound from support near 1.11.
Currency moves of this size have minimal direct effect on feed commodity prices. Persistent European energy costs and ECB tightening are the more relevant backdrop for European feed demand.
fxstreet.comFXStreet Insights TeamNov 3, 2026After 129 past neutral macro events, Euro (USD per EUR) moved a median -0.1% over 5 sessions (45% higher; middle half -0.5% to +0.5%), 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.
