Dollar hits two-year low, fourth month of losses on Fed inflation mandate

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.

• Jan 10, 2023Dollar treads water near 7-month lows ahead of U.S. inflation data-0.8%
• Jun 27, 2025Dollar hovers near 3-1/2-year low with market focus on US rate cuts, euro area inflation-0.3%
• Jul 12, 2023US dollar stumbles, drops to more than one-year low as inflation eases in June-1.4%
• Nov 20, 2023Dollar stumbles to over two-month low as markets eye Fed cuts-0.6%
• Mar 5, 2025Euro hits four-month peak; US dollar languishes on tariff-driven fears-1.5%

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.

• Jun 27, 2025Dollar hovers near 3-1/2-year low with market focus on US rate cuts, euro area inflation+0.3%
• Mar 5, 2025Euro hits four-month peak; US dollar languishes on tariff-driven fears+3.7%
• Jan 30, 2026Why the US dollar hit a four-year low and could fall further-1.2%
• May 23, 2022Dollar Vs. Euro: Greenback Hits One-Month Low As ECB Eyes Rate Hikes - Markets Insider+1.4%
• Apr 19, 2021Goldman Sachs backs the euro as the dollar hits two-month lows+0.7%