ECB chief was overinterpreted by markets: sources

After 533 past bearish macro events, EURUSD moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% over 20.

• Jun 28, 2017ECB says markets over-reacted to Draghi’s stimulus signals – The Irish Times+0.3%
• Feb 26, 2021Stock markets roiled by global bond whiplash | Reuters-1.5%
• Apr 17, 2025Markets see door wide open for more ECB rate cuts on tariff hit-0.3%
• Feb 26, 2021EXCLUSIVE ECB's Stournaras calls for increasing bond buying to calm markets-1.5%
• Jun 28, 2022Euro dips as markets manage expectations of ECB rate hikes | Reuters-3.3%

After 2,356 past bullish macro events, DXY moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.

• Jun 28, 2017ECB says markets over-reacted to Draghi’s stimulus signals – The Irish Times+0.1%
• Nov 22, 2024International corn market pressured by strong dollar-0.4%
• Feb 26, 2021Stock markets roiled by global bond whiplash | Reuters+0.7%
• May 6, 2016Milk markets still 'bummed out' by export trade handicap+0.4%
• Jun 28, 2022Euro dips as markets manage expectations of ECB rate hikes | Reuters+2.0%