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EUR/USD broke below its October low and fell to an 18-month low of about 1.1050 after three straight daily declines. Markets now price a likely quarter-point Fed hike in December with a half-point hike as an alternative, widening the gap with the ECB's 2.50% deposit rate.
A stronger dollar and wider rate gap tend to weigh on dollar-priced commodities and can make US exports more competitive, while raising import costs for Europe. Buyers should note the currency pressure on feed prices.
fxstreet.comJoshua GibsonNov 12, 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.
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.
