
The euro fell about 0.37% on July 18, 2024, after the ECB kept rates steady, while the dollar index rose on stronger-than-expected US jobs and manufacturing data. Jobless claims rose to 243,000, above estimates.
A stronger dollar after firm US data makes dollar-priced commodities costlier for non-US buyers and can soften US export prices for grains and meals.
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.