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The euro has risen about 10% against the dollar over the past 100 trading days, reaching its highest level in six years. European policymakers have rarely commented on the move, though the ECB has historically responded to rapid euro gains with verbal intervention.
The rise is attributed to dollar weakness, EU fiscal support plans and easing euro break-up risk.
A stronger euro weighs on euro-area exporters and adds disinflationary pressure, while a weaker dollar generally supports dollar-denominated commodity prices.
financialpost.comReutersJul 31, 2020After 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.
