ECB Decision, Draghi Comments Sink Euro

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.

• Jan 30, 2025COMMENT-ECB, data set the stage for lower EUR/USD as tariff decision looms-0.3%
• Sep 9, 2021Dollar little changed, euro steady ahead of ECB decision-0.2%
• Jul 20, 2022Dollar rises vs euro as traders eye ECB rate decision+0.2%
• Aug 31, 2023Dollar gains on solid data, euro drops on cautious ECB comments - Markets - Business Recorder+1.8%
• Oct 28, 2017Euro falls most this year on ECB bond decision and Spanish woes | The National-0.2%

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.

• Jul 25, 2018Euro settles lower after ECB decision; yen up+0.2%
• Jan 30, 2025COMMENT-ECB, data set the stage for lower EUR/USD as tariff decision looms+0.0%
• Apr 30, 2026EUR/USD: Correction unfolds as ECB nears decision – MUFG+0.5%
• May 12, 2020What the German court decision against the ECB means for the euro+0.8%
• Jul 20, 2022Dollar rises vs euro as traders eye ECB rate decision-1.2%