EUR/USD declines as the Fed's hawkish narrative outweighs soft US CPI and PPI report

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.

• Jul 30, 2026British Pound declines as Fed hawkish rate holds boost US Dollar, BoE rate decision looms-1.2%
• Jun 14, 2024EUR/USD plummets to 1.0670 as Fed's hawkish policy keeps US Dollar firm+0.1%
• Jun 19, 2026Euro steadies as the US Dollar eases, but hawkish Fed bets limit upside+0.4%
• Jun 22, 2021Why a hawkish US Fed is reverberating around markets | The National-0.7%
• Jun 18, 2026Gold, silver sink as dollar tests yearly highs following hawkish Fed - Kitco PM Report | Kitco News+1.4%

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.

• Jun 14, 2024EUR/USD plummets to 1.0670 as Fed's hawkish policy keeps US Dollar firm-0.6%
• Jun 17, 2021Pound-to-Euro Rate Lifts to 1.17 after EUR/USD Sinks on Fed's 'Hawkish' Message-1.4%
• Jun 19, 2026Euro steadies as the US Dollar eases, but hawkish Fed bets limit upside-0.6%
• Jun 18, 2026US dollar rally builds as hawkish Fed meeting stokes rate-hike bets | The Straits Times-1.8%
• May 18, 2026Euro declines as risk aversion, Fed rate hike odds increase-0.2%