
EUR/USD traded near 1.1087, its weakest level since May 2025, as the dollar held firm. Fed officials, including Cleveland Fed President Beth Hammack, called for further rate hikes to bring inflation down.
US initial jobless claims rose to 200K, slightly above forecast, which eased the dollar's gains.
Hawkish Fed expectations keep the dollar strong, which makes US commodity exports pricier for foreign buyers and can weigh on dollar-denominated grain and meal 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.