
The dollar fell broadly after a flash PMI showed US services activity contracting to 49.4, the lowest since 2013. The euro gained 0.68% as euro zone business activity beat expectations, and the yen pulled back from a 10-month low.
A weaker dollar on soft US data supports dollar-denominated commodity prices, while weak US activity points to softer demand outlook.
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.
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.
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.