Loading…
EUR/USD traded near flat after the ECB cut rates by 25 basis points and euro zone Q4 GDP came in unchanged. Investors were waiting for February 1 to see whether Trump would impose tariffs.
Lagarde said growth risks remain tilted to the downside.
If tariffs are imposed, the dollar's yield advantage could widen, pressuring the euro and lifting the dollar. A stronger dollar tends to weigh on dollar-denominated commodity prices.
tradingview.comJan 30, 2025After 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.
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.
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.
