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The euro rose against the dollar on March 30 as investors shifted focus to inflation data, with concerns over the banking sector receding. Spain's inflation slowed to 3.3% in March, below expectations, and German inflation was expected to ease.
Easing inflation and a firmer euro reduce dollar strength, which can modestly support dollar-priced commodities, while rate expectations remain the main driver of currency moves.
kitco.comMar 30, 2023After 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.
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.
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.
