The dollar index hovered near an eight-month low of 101.88 ahead of a week of central bank meetings, after falling more than 1.5% in January. The euro rose to $1.0885 after Spanish inflation came in at 5.8% year on year.
Expectations of Fed rate cuts and higher euro-area inflation keep the dollar under pressure, a mild support for dollar-priced grain and oilseed exports.
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.
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.
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.