Euro Retreats after Inflation Disappointment, Italian Budget Dilemma Cast Doubt over ECB Policy Outlook

After 533 past bearish macro events, Euro (USD per EUR) moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% over 20.

• Aug 31, 2018Euro Slips after Inflation Disappointment, White House Trade Threats, as Analysts Warn of Losses Ahead-0.6%
• Nov 30, 2018Euro Exchange Rate: Inflation Disappointment Threatens to Turn ECB Headache into a Migraine+0.1%
• Sep 27, 2018Dollar rises on Fed rate outlook; euro falls on Italian budget woes-2.0%
• Sep 30, 2022Euro Outlook: Double-digit Eurozone Inflation to Offer Scant Support+0.3%
• Nov 8, 2018Euro dips after EU cuts Italian outlook; dollar up before Fed meeting | Gold Eagle-1.2%

After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.

• Aug 31, 2018Euro Slips after Inflation Disappointment, White House Trade Threats, as Analysts Warn of Losses Ahead+0.4%
• Sep 27, 2018Dollar rises on Fed rate outlook; euro falls on Italian budget woes+0.4%
• Nov 8, 2018Euro dips after EU cuts Italian outlook; dollar up before Fed meeting | Gold Eagle+1.0%
• Dec 12, 2024Dollar higher on fresh inflation data, euro lower after ECB rate cut+0.6%
• Aug 31, 2023After mixed euro zone inflation data, where do ECB interest rate odds stand now?+1.8%