EUR/USD eased to around 1.1215 ahead of the US September jobs report, with hawkish ECB comments cushioning the euro's decline. ECB officials signaled that another rate increase may be needed, while markets awaited US employment data to reassess the Federal Reserve outlook.
The prospect of tighter ECB policy may limit euro losses, while US jobs data could alter rate expectations and move EUR/USD in either direction.
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.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.