
EUR/USD rose toward four-week highs near 1.128 after preliminary data showed Eurozone consumer inflation hit 4% in October, a three-year high. The dollar weakened after Democrats won control of both chambers of Congress in the US midterm elections.
A firmer euro and weaker dollar change the relative price of dollar-priced commodities for European and other non-US buyers, and hot euro inflation raises expectations of further ECB tightening.
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.
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.
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.