
The euro remained under pressure against the US dollar after hotter-than-expected US October inflation data strengthened expectations of a possible Federal Reserve rate increase in December. Traders awaited German inflation data and comments from European Central Bank officials, while hopes for diplomacy with Iran limited demand for the dollar as a safe haven.
A stronger dollar can weigh on dollar-denominated commodity prices, while currency swings affect the cost of imported feed and agricultural inputs. The article gives no direct new supply or demand signal for feed commodities.
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.