The euro fell below $1.115 after stronger-than-expected US employment data supported the dollar. The dollar also benefited from safe-haven demand amid a technology-stock selloff, while euro-area inflation reached 4% in October and ECB officials signaled a possible December rate hike.
A stronger dollar weighs on the euro-dollar exchange rate, while expectations of tighter ECB policy could limit the euro’s decline. The currency move may affect the relative cost of imported feed and agricultural commodities.
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.
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.
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.