Dollar sellers hit pause for US inflation data

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.

• Apr 28, 2023US dollar firms as inflation data backs Fed hike; yen plunges-0.3%
• Jun 10, 2022Stocks slide, dollar gains on hot U.S. inflation data | Reuters+1.5%
• Aug 30, 2024US dollar rises broadly as inflation data underpins smaller Fed cut+0.2%
• Jun 15, 2021FOREX-Dollar edges up after U.S. inflation data as traders await Fed outcome+1.7%
• Feb 13, 2024US dollar rises to three-month high after inflation data, surges past 150 yen+0.1%

Not enough comparable past events yet for a historical read.

After 388 past bullish macro events, Euro (USD per EUR) moved a median +0.3% over 5 sessions (62% higher; middle half -0.4% to +1.1%), and +0.1% over 20.

• Sep 9, 2022Dollar slides as investors balance positions ahead of U.S. inflation data | Reuters+0.4%
• Mar 31, 2023Dollar up vs. euro but remains on track for weekly loss after inflation data+0.3%
• Aug 31, 2020Dollar hits two-year low, fourth month of losses on Fed inflation mandate-0.7%
• Jul 13, 2022Euro back above parity, dollar dips after inflation surges | Reuters+1.7%
• Sep 17, 2021Euro-Dollar Rate Heavy Despite Leaked ECB Inflation Forecasts-0.2%