
EUR/USD traded near 1.1095 in early Asian trading on Thursday, with modest gains. Markets priced in a high chance of a Fed rate hike at the December 8-9 meeting after hotter-than-expected October CPI, and Fed Governor Waller said he could back a half-point increase.
A stronger dollar and expected US tightening weigh on dollar-denominated commodity prices and can reduce US export competitiveness, a modest bearish signal for grains and feed ingredients priced in USD.
After 129 past neutral macro events, Euro (USD per EUR) moved a median -0.1% over 5 sessions (45% higher; middle half -0.5% to +0.5%), and +0.1% 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.