
Rabobank keeps its three-month EUR/USD forecast at $1.10 after the euro fell to $1.1095. The bank cites reduced political risk to the dollar after US midterms and a Fed governor's comments on a possible half-point hike.
Rabobank doubts the ECB will raise rates as far as markets expect in 2027.
A weaker euro and firmer dollar would make US exports cheaper in euro terms and shift trade flows for feed ingredients priced in dollars, with a modest effect on commodity prices.
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.