
The euro rose against the dollar for a second day after a sharp fall in oil prices following the US midterm elections, but pared gains after German factory orders rose 4.4% in September, short of the 4.8% expected. EUR/USD traded just below 1.1250.
Lower oil prices ease energy costs for importing economies and weaken the dollar, a macro backdrop that offers limited direct grain or feed price impact.
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.
After 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.
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.