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Citi strategists recommended betting against the euro’s post-election rebound, arguing that the dollar’s initial weakness reflected a typical fall in Treasury yields rather than a lasting shift. The euro subsequently gave back its gains as the dollar recovered amid a technology-stock selloff and safe-haven demand.
The outlook points to renewed dollar strength against the euro, which can affect the relative cost of US and European commodity imports. It describes a currency-market view rather than a new change in agricultural supply or demand.
poundsterlinglive.comGary HowesNov 6, 2026After 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.
