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The euro rose about 0.5% to $1.1246 on 4 November as a potential double bottom formed in EUR/USD after several months of selling. Eurozone inflation rose to 4.0% in October, with core inflation steady at 2.5%, strengthening the case for another ECB hike in December.
Higher euro-area rate expectations support the euro against the dollar, which lowers the cost of dollar-priced imports such as feed ingredients for European buyers. The move is a currency story with limited direct effect on grain or meal prices.
ig.comSalah-Eddine BouhmidiNov 4, 2026After 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.
