Euro is back on the scene for global central banks

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.

• Feb 28, 2020EUR/USD: Central banks to favor the euro - Forex Crunch+2.0%
• Apr 28, 2022FX: Dollar momentum weakened by global central bank moves - Euromoney-0.1%
• Feb 19, 2022End of European Central Bank’s reign as dovish bastion likely to spark rebound for euro | The National-0.9%
• Jul 21, 2022Europe's central bank backs larger-than-expected rate hike | AP News-1.1%
• Oct 26, 2017European Central Bank to scale back massive economic stimulus programme from next year | The Independent | The Independent-1.6%

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.

• Feb 28, 2020EUR/USD: Central banks to favor the euro - Forex Crunch-0.5%
• Feb 19, 2022End of European Central Bank’s reign as dovish bastion likely to spark rebound for euro | The National+0.4%
• Jul 21, 2022Europe's central bank backs larger-than-expected rate hike | AP News+0.2%
• Nov 8, 2018Asia week ahead: Relief for Asia’s busiest central banks | articles | ING THINK+1.0%
• Oct 26, 2017European Central Bank to scale back massive economic stimulus programme from next year | The Independent | The Independent+0.4%