ING's dollar forecast: interest rates will determine direction

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.

• Jun 14, 2017Dollar falls after Fed interest rate decision+0.6%
• Sep 30, 2024US Dollar Forecast: Fed’s easing weighs on the Dollar+0.9%
• Sep 17, 2021Euro-Dollar Rate Heavy Despite Leaked ECB Inflation Forecasts+0.2%
• Oct 31, 2019Gold gains as dollar weakens after Fed's interest rate cut-0.1%
• Aug 26, 2024Interest rates: US dollar sinks as traders position for rate cuts by the Federal Reserve+0.7%

Not enough comparable past events yet for a historical read.