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The euro stabilized near $1.109 after recent losses, trading between a low of $1.1066 and the prior evening's level. The European Central Bank's reference rate was set at $1.1127 on Wednesday, down from $1.1214 the day before.
Markets are focused on Fed policy after hotter-than-expected US consumer prices boosted expectations of a December rate hike.
A weaker euro against the dollar raises the cost of US-origin feed ingredients for European buyers, while a firmer dollar can support US grain and soymeal export competitiveness. The effect on prices is modest because the move is driven by interest rate expectations.
t-online.deNov 12, 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.
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.
