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Bundesbank President Joachim Nagel said German growth is likely to accelerate in the fourth quarter, with a recovery stronger than the ECB expected in summer. He warned the recovery is not yet broad-based, with subdued private consumption and declining machinery investment.
EUR/USD fell about 0.15% to near 1.1140 as the dollar strengthened.
Stronger German growth supports EU feed demand modestly, but the move in the euro is driven mainly by dollar strength, so the effect on feed commodity prices is small.
fxstreet.comSagar DuaNov 11, 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.
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.
