Goldman Sachs backs the euro as the dollar hits two-month lows

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.

• May 23, 2022Dollar Vs. Euro: Greenback Hits One-Month Low As ECB Eyes Rate Hikes - Markets Insider-0.9%
• Apr 19, 2017Goldman Sachs: We’re closing two of our long-dollar ‘top trades’+0.2%
• Apr 30, 2025Foreign demand for US assets will wane unless the dollar slides more: Goldman Sachs-0.5%
• Nov 26, 2020Euro rises to near 3-month high as US dollar falls - The Business Times-1.2%
• Nov 20, 2023Dollar stumbles to over two-month low as markets eye Fed cuts-0.6%

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.

• May 23, 2022Dollar Vs. Euro: Greenback Hits One-Month Low As ECB Eyes Rate Hikes - Markets Insider+1.4%
• Apr 19, 2017Goldman Sachs: We’re closing two of our long-dollar ‘top trades’+2.2%
• Nov 26, 2020Euro rises to near 3-month high as US dollar falls - The Business Times+2.0%
• Sep 2, 2021Dollar lower after initial claims, euro at one-month high-0.2%
• Aug 31, 2020Dollar hits two-year low, fourth month of losses on Fed inflation mandate-0.7%