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The euro returned to around $1.12, rising to $1.1235 by 18:00 Lisbon time after the Democratic win in the US midterms. The ECB reference rate was set at $1.1267, and euro-area inflation rose to 4.0% in October.
A firmer euro against a softer dollar changes the relative cost of US-priced feed grains and soybean meal for euro-zone and Brazilian-linked buyers. The move is currency-driven rather than supply-driven.
sapo.ptAgência LusaNov 5, 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.
