The euro traded near 1.1148 dollars on Wednesday after losing ground the previous day following higher-than-expected US consumer price data. Final German October inflation was 2.8% year on year, in line with the flash estimate.
Analysts note inflation in other eurozone countries is rising faster, and energy inflation is expected to rise again in early 2027.
Dollar strength driven by US inflation and oil moves shifts the relative cost of dollar-priced feed ingredients for eurozone buyers, with limited direct price impact.
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.