Euro Outlook has Brightened as Currency Bloc's Stars Align for a Recovery

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.

• Feb 7, 2018Euro spurs currency experts to recalibrate outlook | The National-0.1%
• Sep 7, 2017Euro soars higher as ECB's Draghi comments on currency's strength-0.4%
• May 26, 2020Euro’s Comeback Rests on EU Leaders Agreeing on a Recovery Fund By Bloomberg+2.1%
• Aug 28, 2020Euro (EUR USD) Revives Global Challenge for the Dollar’s Currency Crown - Bloomberg+0.1%
• May 14, 2024Recovering euro keeps dollar 'gorilla' from scuppering ECB rate outlook+0.6%

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.

• Feb 7, 2018Euro spurs currency experts to recalibrate outlook | The National+0.2%
• Sep 7, 2017Euro soars higher as ECB's Draghi comments on currency's strength+0.2%
• May 26, 2020Euro’s Comeback Rests on EU Leaders Agreeing on a Recovery Fund By Bloomberg-1.7%
• Aug 28, 2020Euro (EUR USD) Revives Global Challenge for the Dollar’s Currency Crown - Bloomberg-0.5%
• Aug 27, 2021Asian Currency Outlook: Bearish Bets Decline as Dollar Eases-0.9%