Euro FX futures fell for a fourth straight session on Friday, down about 1.8% over the four days and heading for a fourth weekly loss of 1.07%. Eurozone third-quarter GDP rose 0.4% quarter over quarter, in line with expectations, but employment was flat against forecasts of a 0.2% gain and annual employment growth slowed to 0.4%.
The ECB kept a meeting-by-meeting approach and warned that higher energy costs could lift inflation and weigh on growth.
A weaker euro against the dollar makes US dollar-priced feed ingredients relatively more expensive for European buyers and can add pressure to dollar-denominated grain and oilseed prices. Expectations of December rate hikes from both the ECB and the Fed keep currency moves tied to rate policy.
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.