Euro-Dollar Surges as Odds of Emergency Federal Reserve Rate Cut Grows

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.

• Dec 14, 2023Euro-Dollar Closing On 1.10 As ECB Resists Rate Cut Bets+1.5%
• Oct 31, 2019Euro rises as dollar weakens on questions about more Fed rate cuts-0.4%
• Apr 13, 2023Euro Surges to Strongest in a Year as Fed-Cut Bets Batter Dollar - Bloomberg-0.3%
• Jul 30, 2020Forex markets: Dollar, U.S. Federal Reserve in focus+1.1%
• Mar 5, 2020Dollar surrenders to euro and yen as rate supremacy ends | Financial Post+1.3%

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

• Aug 26, 2024Interest rates: US dollar sinks as traders position for rate cuts by the Federal Reserve+0.7%
• Aug 5, 2024Dollar down as US rate cut bets rise, yen surges-0.4%
• Dec 14, 2023Euro-Dollar Closing On 1.10 As ECB Resists Rate Cut Bets-1.3%
• Mar 2, 2020Yen, euro gain on dollar as Fed rate cut talks heat up | Malay Mail-0.8%
• Oct 31, 2019Euro rises as dollar weakens on questions about more Fed rate cuts-0.1%