
EUR/USD traded near 1.1223 on Tuesday, recovering about 0.8% from its post-payrolls low as the dollar eased ahead of the US CPI release. Markets were also weighing strong October US payroll growth and elevated expectations of a Federal Reserve rate hike in December.
US inflation and interest-rate expectations can move the dollar and alter the cost of dollar-priced imports. The euro’s rebound made EUR/USD firmer, though expectations of tighter US policy remained a potential source of dollar support.
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.
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.