Euro-Dollar Can Pass 1.20 withouth Drawing ECB Ire says Goldmans

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.

• Apr 19, 2021Goldman Sachs backs the euro as the dollar hits two-month lows+0.7%
• Apr 19, 2017Goldman Sachs: We’re closing two of our long-dollar ‘top trades’+2.2%
• Mar 24, 2017Barclays no longer sees euro-dollar parity in 2017-0.6%
• May 26, 2022ECB policy indicates the euro will avoid parity with the dollar | FrontierView+0.7%
• Dec 14, 2023Euro-Dollar Closing On 1.10 As ECB Resists Rate Cut Bets+1.5%

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.

• Apr 19, 2021Goldman Sachs backs the euro as the dollar hits two-month lows-0.3%
• Apr 19, 2017Goldman Sachs: We’re closing two of our long-dollar ‘top trades’+0.2%
• Dec 14, 2023Euro-Dollar Closing On 1.10 As ECB Resists Rate Cut Bets-1.3%
• Jul 20, 2017Euro surges against dollar as Draghi says QE tightening talks will start in September-0.0%
• May 14, 2024Recovering euro keeps dollar 'gorilla' from scuppering ECB rate outlook-0.7%