
The euro fell below 1.1200 against the dollar after US consumer prices rose 0.4% in October, above the 0.3% forecast; core inflation also exceeded expectations. Markets raised the implied probability of a December Federal Reserve rate hike, supporting the dollar.
Higher expected US rates can strengthen the dollar against the euro, raising the cost of dollar-priced feed and agricultural commodities for European buyers.
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.