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The euro briefly fell below 1.1220 on Thursday, its lowest in 17 months, as the global debt selloff and widening French-German spreads hit sentiment. The 10-year OAT-Bund spread widened by up to 40 basis points in just over three weeks.
ECB President Lagarde called for a 'measured' approach, and markets still largely price a December hike.
Euro weakness and firm dollar conditions weigh on dollar-denominated commodity prices and can make EU feed ingredients cheaper to buy. The rate outlook shapes the currency's direction through year-end.
fxstreet.comMatthew Ryan, CFAOct 2, 2026After 533 past bearish macro events, EURUSD 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.
