
Global stocks rose on January 25 while the euro fell to a six-week low near $1.082 after the ECB held rates. US fourth-quarter GDP grew at a 3.3% annualized pace, which pushed Treasury yields lower and supported the dollar.
The S&P 500 closed at a record high.
Stronger US growth data reduces expectations of quick Fed cuts, which keeps the dollar firm and pressures dollar-priced commodities. The effect on feed markets is indirect.
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.