
The euro fell to $1.1022 in late US trading on Friday, its lowest level since April of last year, after the ECB reference rate was set at $1.1052. Commerzbank linked the dollar's relative strength to the Republicans losing the Senate majority in the midterm elections, which reduces the risk of politically forced Fed easing.
A stronger dollar makes US commodity exports pricier for foreign buyers and tends to pressure dollar-denominated grain and meal prices, while easing the cost of imported feed ingredients for euro-zone buyers.
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.