
Analysts expect the euro to advance toward new two-year highs after the Federal Reserve said it would tolerate above-target inflation and keep rates at record lows. Gains could draw scrutiny from the ECB, which may leave the euro lagging other majors.
Dovish Fed policy weakens the dollar, which tends to support US commodity prices in dollar terms, while the ECB risk limits euro upside.
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.