
The euro hovered near 1.1045, just above 19-month lows, and was on track for a third weekly loss. Eurozone Q3 GDP grew 0.6% quarter on quarter, but employment growth was soft and September's trade deficit was EUR 10.3 billion, more than double expectations.
Surging US Treasury yields, driven by bets on a larger Federal Reserve rate hike in December, kept the dollar firm.
A stronger dollar makes US commodity exports more expensive for foreign buyers and tends to weigh on dollar-denominated grain, oilseed and feed prices. A weaker euro also reduces European import purchasing power 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.