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A weekly FX wrap summarized last week's central bank decisions, including a barely hawkish Federal Reserve hold and a hawkish hold from the Bank of Japan. US advance GDP came in at 3.4%, above expectations, and the Bank of Canada was expected to hike by 0.25%.
The European Central Bank was described as slightly dovish on future rate hikes.
Stronger US growth data and a firm Fed tone support the dollar, which tends to weigh on dollar-priced commodities. The mix of hawkish global central banks adds to currency volatility that can move export competitiveness.
dailyforex.comAdam LemonNov 1, 2026After 1,108 past macro events, Euro (USD per EUR) moved a median -0.1% over 5 sessions (46% higher; middle half -0.7% to +0.6%), and -0.3% 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.
