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EUR/USD fell from a weekly high of 1.0675 to below 1.0600 after mixed Eurozone data showed Q3 GDP down 0.1% and October inflation at 2.9%. US consumer confidence and employment costs also came in firmer than expected, and the Fed decision was pending.
Stronger US data and a weaker Eurozone growth outlook keep the dollar firm, which can pressure dollar-priced commodity values. Traders are weighing Fed hold versus further hike risk.
noortrends.aeMohamed AbdelhamidOct 31, 2023After 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.
