European Central Bank to scale back massive economic stimulus programme from next year

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.

• Mar 6, 2024Euro is back on the scene for global central banks+0.5%
• Feb 19, 2022End of European Central Bank’s reign as dovish bastion likely to spark rebound for euro | The National-0.9%
• May 23, 2017Economic prospects to maintain support for the euro | Capital Economics-0.5%
• Jan 25, 2024European Central Bank holds rates steady, gives no hint at cuts ahead-0.4%
• Jul 21, 2022Europe's central bank backs larger-than-expected rate hike | AP News-1.1%

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.

• Mar 6, 2024Euro is back on the scene for global central banks-0.6%
• Feb 19, 2022End of European Central Bank’s reign as dovish bastion likely to spark rebound for euro | The National+0.4%
• Mar 19, 2020The Fed is extending its currency exchange program to more central banks around the world+0.5%
• May 23, 2017Economic prospects to maintain support for the euro | Capital Economics+0.0%
• Jul 21, 2022Europe's central bank backs larger-than-expected rate hike | AP News+0.2%