Dollar set for sparkling week as hike expectations surge

After 2,356 past bullish macro events, DXY moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.

• Jun 29, 2023Dollar index hits two-week high as data boosts Fed hike expectations+0.4%
• Jan 26, 2022Canadian dollar weakens as BoC foregoes rate hike | Financial Post+0.2%
• May 31, 2021Dollar near 2-month high vs yen, U.S. inflation beats expectations | Financial Post-0.2%
• May 27, 2021Dollar firms as traders brace for U.S. inflation gauge | Financial Post+0.3%
• Sep 13, 2022Latam FX slump as hot U.S. inflation sends dollar soaring | Financial Post+1.4%

After 533 past bearish macro events, EURUSD moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% over 20.

• May 27, 2021Dollar firms as traders brace for U.S. inflation gauge | Financial Post-0.7%
• Sep 17, 2020Dollar edges higher as Fed outlook lifts U.S. yields | Financial Post-1.3%
• Mar 1, 2021Dollar gains on reflation trade, Aussie recovers | Financial Post-1.5%
• Oct 29, 2020Euro falls to four-week low as ECB flags easing in December | Financial Post-0.2%
• Sep 23, 2020Dollar rallies as Fed, COVID-19 and recovery worries swirl | Financial Post+0.1%