Euro buoyed before ECB meeting as Fed forecast knocks dollar

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.

• Oct 28, 2021Dollar falls on euro strength after ECB meeting as rates move | Financial Post+0.6%
• Nov 8, 2022Dollar slips as German bund yields strengthen euro | Financial Post-2.6%
• Aug 29, 2025Dollar Slips as PCE Data Meets Forecasts, Fed Cut Bets Build-0.1%
• Feb 2, 2023Copper prices rise as Fed messaging weakens the dollar | Financial Post+1.3%
• Dec 14, 2023US Dollar Forecast: EUR/USD Rally Persists Following Fed and ECB-1.3%

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.

• Oct 28, 2021Dollar falls on euro strength after ECB meeting as rates move | Financial Post-0.1%
• Dec 14, 2023US Dollar Forecast: EUR/USD Rally Persists Following Fed and ECB+1.5%
• Mar 5, 2020Dollar surrenders to euro and yen as rate supremacy ends | Financial Post+1.3%
• May 29, 2026Euro-Dollar: Why Markets Think The ECB Will Hike Before The Fed-0.2%
• Jul 31, 2020Euro's rise not 'brutal' enough, yet: Mike Dolan | Financial Post+0.6%