Loading…

The ECB reference rate for the euro fell to $1.1127 on November 11, its lowest since May 2025. The move was driven by dollar strength on expectations of a US December rate hike, while the euro was roughly flat against the yen.
Dollar strength from US rate-hike expectations is a macro headwind for dollar-priced commodities, though the effect on feed ingredient prices is indirect.
After 1,108 past macro events, Euro (USD per EUR) moved a median -0.1% over 5 sessions (46% higher; middle half -0.7% to +0.6%), and -0.3% 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.