European Central Bank hikes rates again and vows more after US Fed hits pause

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.

• Dec 15, 2022European Central Bank slows rate hikes but vows more ahead | AP News-0.5%
• Jul 21, 2022Europe's central bank backs larger-than-expected rate hike | AP News-1.1%
• Jan 25, 2024European Central Bank holds rates steady, gives no hint at cuts ahead-0.4%
• Jun 15, 2023European Central Bank raises rates by 25 basis points at June 2023 meeting+0.9%
• Apr 30, 2026European Central Bank keeps rates on hold as inflation jumps+0.5%

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.

• Jul 21, 2022Europe's central bank backs larger-than-expected rate hike | AP News+0.2%
• Jun 15, 2023European Central Bank raises rates by 25 basis points at June 2023 meeting-0.0%
• Jul 31, 2023Central Banks gearing for a prolonged pause? Dollar slips, commodities gain on US Fed rate hike - CaFE Invest News | The Financial Express+0.9%
• Jan 1, 2019Fed decision: Central bank lifts interest rates, lowers forecasts to two hikes in 2019-0.7%
• Dec 1, 2022US dollar strength has ‘reached peak’, China’s central bank says, as Fed considers scaling back rate hikes | South China Morning Post-0.6%