Euro Retreats after ECB Blows Hot and Cold On Currency Strength and 'No Deal' Brexit Risk Builds

After 533 past bearish macro events, Euro (USD per EUR) moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% over 20.

• Sep 14, 2023EUR/USD: ECB Hikes and euro falls as stagflation risks grow; Dollar strength extends after US retail sales data | MarketPulse by OANDA Group-0.2%
• Aug 31, 2017Euro Hammered as ECB's Concerned with Currency Strength, Dollar Outshone by Canadian Dollar - ActionForex+0.8%
• Jan 28, 2021ECB in ‘Currency War’ Over Euro, Commerzbank Strategist Says - Bloomberg-0.6%
• Jul 31, 2025EU-U.S. trade deal dented euro strength. Strategists say it may not last+1.5%
• Sep 28, 2018Euro Retreats after Inflation Disappointment, Italian Budget Dilemma Cast Doubt over ECB Policy Outlook-1.4%

After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% over 20.

• Jan 9, 2019Bank of England will be 'prudent not passive' after Brexit - Carney-0.5%
• Dec 19, 2024Bank of England delivers 'dovish hold' as growth stalls, trade risks rise | Euronews+0.5%
• May 30, 2025Could the euro topple the U.S. dollar as the world's reserve currency?-0.5%
• Nov 15, 2021Sterling rises from 11-month low; investors focus on Brexit and BoE | Reuters+0.6%
• Jan 28, 2019Brexit Pound Analysis: British Pound Has Rallied 5% Vs Euro, Dollar But How Much Has GBP Discounted A No Deal Brexit? | Exchange Rates UK-0.2%