Euro Looks for Direction on Red-Hot Inflation Ahead of ECB Meeting

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.

• Mar 10, 2022Best day in 5-years for EUR/USD ahead of the March ECB meeting-0.7%
• Sep 17, 2021Euro-Dollar Rate Heavy Despite Leaked ECB Inflation Forecasts-0.2%
• Sep 9, 2021Euro inches higher ahead of ECB decision on bond buying - Markets - Business Recorder-0.1%
• Sep 7, 2017ECB cites inflation-dampening euro rate as policy factor-0.4%
• Apr 30, 2024Euro-Dollar: Inflation, GDP Data Prompts Hawkish Rethink of ECB Rate Outlook+0.6%

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.

• Mar 10, 2022Best day in 5-years for EUR/USD ahead of the March ECB meeting+0.2%
• Sep 17, 2021Euro-Dollar Rate Heavy Despite Leaked ECB Inflation Forecasts+0.2%
• Sep 7, 2017ECB cites inflation-dampening euro rate as policy factor+0.2%
• Apr 30, 2024Euro-Dollar: Inflation, GDP Data Prompts Hawkish Rethink of ECB Rate Outlook-0.5%
• Mar 31, 2023Dollar up vs. euro but remains on track for weekly loss after inflation data-0.1%