Dollar steady as U.S. jobless claims boost Fed rate cut bets

After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% over 20.

• Feb 26, 2026GBP/USD slips as firm US jobless claims offset BoE cut bets+1.1%
• Feb 16, 2024Dollar steady after producer prices push back on Fed rate cut outlook-0.1%
• Jun 17, 2019Forex Market: Dollar steady ahead of Fed meeting; low chances of June rate cut-0.9%
• Apr 29, 2026Canadian dollar steadies as oil lifts BoC rate hike bets - The Globe and Mail-0.1%
• Jul 10, 2024Why the Fed cutting interest rates may weaken the U.S. dollar-0.6%

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.

• Jun 20, 2019Fed rate-cut sign boosts stocks, dollar drops+1.6%
• Dec 13, 2023Dollar drops as Fed signals coming rate cuts+1.7%
• Nov 27, 2023US dollar weakens as Fed rate cut view weighs-0.5%
• Sep 5, 2024Investor bets shift as dollar weakens with looming Fed rate cuts-0.6%
• Feb 28, 2020Forex: US Dollar's Appeal Fades As Rate Cut Looms+2.0%