The euro extended losses after euro zone inflation rose to 4.1% in October, beating forecasts and matching the series high. Investors judged that ECB President Lagarde's dovish stance did not resist market bets on rate hikes, and Italian bond yields rose again.
Expectations of earlier ECB tightening support the euro, but a dovish ECB undercuts that support, leaving EUR/USD weaker and making dollar-priced imports from Europe relatively cheaper.
Tras 533 eventos bajista de macro pasados, Euro (USD por EUR) se movió una mediana de -0,3 % en 5 sesiones (33% al alza; mitad central entre -1,2 % y +0,2 %), y -0,5 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
Same-day euro losses as euro zone inflation hit 4.1% while markets judged Lagarde's dovish stance as failing to resist rate-hike bets, which pushed the euro lower (sentiment/currency).