Fed day: Central bank maintains target rate at 4.25-4.50%

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 7, 2022Australia's central bank raises rates by 50 basis points+2.4%
• Feb 25, 2019Dollar crown intact as central banks emulate Fed tightening pause+0.2%
• Jun 14, 2017Dollar surges as hawkish Fed raises rates maintains rate outlook talks balance sheet reduction+0.6%
• Jul 26, 2018European Central Bank says rates will remain low for months | AP News-0.0%
• Sep 21, 2023Stocks fall, yields rise as central banks rattle markets+1.7%

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.

• Jul 26, 2018European Central Bank says rates will remain low for months | AP News-0.1%
• Sep 14, 2023European Central Bank hikes rates to record level-0.2%
• Apr 24, 2025ECB's Rehn says central bank may need to lower interest rates, Bloomberg News reports-0.0%
• Sep 12, 2019European Central Bank cuts interest rates to record low - ABC News+0.5%
• May 31, 2023Euro To Dollar Rate: "On Course For H2 Target Of 1.06" Say Rabobank-0.3%