GRAPHIC-Back to square one: Euro/dollar returns to original launch rate

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 23, 2022Dollar Vs. Euro: Greenback Hits One-Month Low As ECB Eyes Rate Hikes - Markets Insider+1.4%
• Jan 23, 2023Dollar edges lower vs euro on ECB rate hike bets | Reuters+0.2%
• Dec 14, 2023Euro-Dollar Closing On 1.10 As ECB Resists Rate Cut Bets+1.5%
• Mar 5, 2020Dollar surrenders to euro and yen as rate supremacy ends | Financial Post+1.3%
• Aug 2, 2024Euro-Dollar Surges as Odds of Emergency Federal Reserve Rate Cut Grows+1.2%

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.

• May 23, 2022Dollar Vs. Euro: Greenback Hits One-Month Low As ECB Eyes Rate Hikes - Markets Insider-0.9%
• Jan 23, 2023Dollar edges lower vs euro on ECB rate hike bets | Reuters-0.4%
• Dec 14, 2023Euro-Dollar Closing On 1.10 As ECB Resists Rate Cut Bets-1.3%
• Mar 5, 2020Dollar surrenders to euro and yen as rate supremacy ends | Financial Post+1.3%
• Aug 2, 2024Euro-Dollar Surges as Odds of Emergency Federal Reserve Rate Cut Grows-0.3%