
EUR/USD fell to 1.1066, its weakest level since May 2025, while the dollar index reached 103.08, a 19-month high. Eurozone inflation rose to 4.0% in October, and markets priced an 89% chance of a December Fed hike.
A stronger dollar and rising rate expectations make US commodities more expensive for euro-zone and other non-dollar buyers, potentially reducing import demand for feed ingredients.
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.