Sterling fell 0.10% to $1.3458 and the euro edged lower to $1.1226 as the dollar's post-midterm slide paused near 101.5 on the DXY. Traders were awaiting an expected Bank of England rate hike and US payrolls data.
Currency moves tied to Fed and BoE rate expectations change the dollar's strength against major currencies, which affects the relative cost of imported feed commodities for UK and European buyers.
Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
After 533 past bearish macro events, Euro (USD per EUR) moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% 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.