Euro surges against dollar as Draghi says QE tightening talks will start in September

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.

• Aug 26, 2026Euro: ECB tightening outlook offers support against US Dollar - BNY-0.7%
• Jul 27, 2026Euro: September hike outlook offers support against US Dollar – UOB+1.2%
• Jun 28, 2017Euro sees a roller-coaster ride post-Draghi as dollar bulls start to throw in the towel+0.3%
• Apr 13, 2023Euro Surges to Strongest in a Year as Fed-Cut Bets Batter Dollar - Bloomberg-0.3%
• Jan 24, 2018Draghi concerned at euro's rise against dollar | AGENCE EUROPE+0.9%

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.

• Aug 26, 2026Euro: ECB tightening outlook offers support against US Dollar - BNY+0.4%
• Jun 28, 2017Euro sees a roller-coaster ride post-Draghi as dollar bulls start to throw in the towel+0.1%
• Apr 13, 2023Euro Surges to Strongest in a Year as Fed-Cut Bets Batter Dollar - Bloomberg+0.3%
• Jan 24, 2018Draghi concerned at euro's rise against dollar | AGENCE EUROPE-0.8%
• Jun 26, 2025Dollar drops to lowest since 2021 against euro, sterling-0.9%