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EUR/USD moved toward 1.1250 after Democrats secured control of both chambers of Congress, pushing Treasury yields lower and weakening the dollar. Eurozone services PMI was revised down to 51.4 in October while annual inflation accelerated to 4.0%, driven by a 20.8% rise in energy prices.
A weaker dollar lifts euro-denominated values of dollar-priced commodities, while the policy-driven rise in euro strength reflects currency rather than crop fundamentals, so the direct effect on feed prices is modest.
equiti.comYazeed Abu SummaqaNov 4, 2026After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
After 388 past bullish macro events, Euro (USD per EUR) 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.
