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The euro was set for its fourth straight weekly loss against the dollar, its steepest in about four months, on concerns about France's fiscal path and the Fed's hawkish mid-September shift. The dollar index was set for a third weekly gain, and oil prices dropped on mixed supply signals.
The Fed under Chair Warsh raised rates and signaled more hikes.
Expectations of further Fed tightening support the dollar, which typically weighs on dollar-denominated commodities and makes EU and other non-US feed purchases pricier. Oil price swings also affect the energy and freight costs embedded in feed.
devdiscourse.comReutersOct 2, 2026After 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.
After 102 past neutral macro events, Crude Oil (WTI) moved a median -0.1% over 5 sessions (49% higher; middle half -3.3% to +2.5%), and +1.8% 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.
