
EUR/USD fell to a seven-week low near 1.1411 after strong US inflation data and a Fed decision to hold rates. The US Dollar Index reached a two-month high near 100.00.
Core PCE rose 2.8% year on year, above forecasts.
Firm US inflation and rate expectations support the dollar, which raises the cost of dollar-priced feed imports for non-US buyers. Strong dollar moves can also pressure US commodity export competitiveness.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
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.