South European bonds sell off as ECB rises up the agenda

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

• Sep 1, 2017South European bonds outperform as strong euro makes investors bolder | Reuters+1.2%
• Apr 30, 2026Euro Rises to $1.17 as ECB Leaves Options Open+0.5%
• May 31, 2020The euro rallies as the European Union addresses fiscal flaws | The National+1.7%
• Dec 22, 2025EUR/USD rises as ECB stability outshines US Dollar struggles+0.3%
• Jul 24, 2026ECB holds rates steady: Why is the Euro rising?+1.3%

After 1,637 past bearish macro events, DXY moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.

• May 31, 2020The euro rallies as the European Union addresses fiscal flaws | The National-1.8%
• Dec 22, 2025EUR/USD rises as ECB stability outshines US Dollar struggles-0.5%
• Feb 24, 2025South Korean Won Rises on Weak US Dollar+0.9%
• Nov 26, 2020Euro rises to near 3-month high as US dollar falls - The Business Times-1.2%
• Mar 9, 2020US dollar market sees major sell off as currency traders buy EUR+3.2%