EUR/USD gave back most of its post-election gains on Thursday, trading near 1.1220 after briefly reaching around 1.13 on Wednesday. The article says expectations of rate hikes by both the Federal Reserve and the European Central Bank are limiting the influence of interest-rate differences, leaving the pair sensitive to political developments and data.
The pullback in EUR/USD is bearish for the pair, while offsetting rate expectations may keep currency-driven changes to import costs uncertain for feed buyers.
After 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.
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.