The euro fell below $1.12 after a stronger-than-expected October US jobs report showed rising employment and wages and a lower unemployment rate. Markets increased expectations of a Federal Reserve rate hike in December.
Stronger US data can support the dollar and weigh on the euro, making dollar-priced feed imports more expensive for euro-area 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.
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.