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EUR/USD climbed above 1.1200 on Wednesday as US midterm election results weighed on the dollar. The pair has formed a potential double bottom near 1.1100 and is testing neckline resistance at 1.1250-1.1270 after touching its lowest level since May 2025 last week.
A weaker dollar lifts the euro and makes US dollar-priced commodities such as soybean meal and corn relatively cheaper for European buyers, while a stronger euro can ease EU feed import costs.
fxstreet.comVishal ChaturvediNov 4, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
