
The euro edged higher after the ECB press conference on October 28, 2021, and the dollar dipped after US third-quarter GDP came in at 2.0% annualized, below the 2.6% expected. Major currency pairs stayed within the prior day's range, and commodity currencies were the weakest.
A soft dollar on weak US GDP data is mildly supportive for dollar-denominated feed commodities, but the moves were small and largely range-bound.
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.
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.