Loading…
The euro dipped below $1.16 ahead of the ECB meeting as investors awaited signals on inflation and any pushback against rate-hike expectations. The yen held near four-year lows after the Bank of Japan kept its dovish stance and cut its inflation forecast.
A euro sell-off ahead of the ECB meeting reflects shifting rate expectations that move the dollar and the cost of dollar-priced feed imports.
brecorder.comReutersOct 28, 2021After 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.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
