Dollar nurses losses after Fed keeps outlook unchanged; ECB eyed

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.

• May 14, 2024Recovering euro keeps dollar 'gorilla' from scuppering ECB rate outlook+0.6%
• Jul 31, 2026US Dollar: Post-Fed losses extend as positioning unwinds – ING-0.0%
• Mar 16, 2023Euro rises, dollar falls after ECB rate decision+2.4%
• Jul 1, 2023Dollar weaker after data burst, euro rises on ECB comments+0.7%
• Mar 23, 2020EUR/USD: FED Unlimited QE Sees Euro Gains But Nordea Unwilling To Call For Weaker Dollar Outlook+3.5%

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.

• Jul 29, 2026Dollar Falls to One-Week Low After Fed Keeps Interest Rates Unchanged - Bloomberg-0.9%
• Nov 5, 2020Dollar drops as stocks surge, Fed keeps policy unchanged-0.8%
• May 14, 2024Recovering euro keeps dollar 'gorilla' from scuppering ECB rate outlook-0.7%
• Apr 28, 2021US Fed keeps rates unchanged as Powell says ‘not time for taper talk’; Dollar falls+0.3%
• Apr 9, 2020Dollar drops after Fed launches new loan program-0.1%