Dollar hovers near 3-1/2-year low with market focus on US rate cuts, euro area inflation

After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.

• Aug 31, 2020Dollar hits two-year low, fourth month of losses on Fed inflation mandate+0.1%
• Sep 17, 2021Euro-Dollar Rate Heavy Despite Leaked ECB Inflation Forecasts+0.2%
• Nov 27, 2025US Dollar Holds Steady Near 1-Week Low as Markets Price in December Fed Cut | Investing.com-0.5%
• May 23, 2022Dollar Vs. Euro: Greenback Hits One-Month Low As ECB Eyes Rate Hikes - Markets Insider-0.9%
• Sep 27, 2024US dollar slumps after softer inflation, China rate cut. AUD/USD hits 18 month high+0.9%

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.

• Aug 31, 2020Dollar hits two-year low, fourth month of losses on Fed inflation mandate-0.7%
• Sep 17, 2021Euro-Dollar Rate Heavy Despite Leaked ECB Inflation Forecasts-0.2%
• May 23, 2022Dollar Vs. Euro: Greenback Hits One-Month Low As ECB Eyes Rate Hikes - Markets Insider+1.4%
• May 31, 2024Eurozone inflation accelerates in May: Are ECB rate cuts in doubt? | Euronews+0.4%
• Sep 1, 2021Euro holds near one-month high after inflation jolt | Reuters+0.2%