
Bundesbank President Joachim Nagel said at a Siemens Bankers Conference that the ECB will likely need to raise interest rates again if conditions persist. He pointed to elevated core inflation and rising short-term inflation expectations following a jump in headline inflation.
Tighter euro-zone monetary policy strengthens the euro and raises financing costs for feed mills, farms and livestock producers, adding to the cost of feed inputs over time.
After 388 past bullish macro events, Euro (USD per EUR) moved a median +0.3% over 5 sessions (62% higher; middle half -0.4% to +1.1%), and +0.1% 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.