The euro falls, the dollar rises amid expectations of Fed monetary tightening

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.

• Jun 20, 2022US dollar to remain resilient amid the re-pricing higher in Fed's rate expectations – ING — Octa-0.9%
• May 23, 2023Dollar Strengthens Broadly on Fed Rate Expectations | The Epoch Times+0.4%
• Nov 10, 2016Dollar rises as Trump victory raises inflation expectations+1.9%
• Oct 31, 2022Dollar gains on Fed rate hike expectations-0.1%
• Oct 22, 2018US dollar rises as pound falls amid Brexit negotiations+0.5%

After 533 past bearish macro events, Euro (USD per EUR) moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% over 20.

• Oct 22, 2018US dollar rises as pound falls amid Brexit negotiations-1.1%
• Nov 14, 2022Dollar Rises Against Euro and Yen Following Fed Commentary+1.7%
• Mar 15, 2023Pound falls vs dollar, rises vs euro on bank woes+0.4%
• Sep 27, 2018Dollar rises on Fed rate outlook; euro falls on Italian budget woes-2.0%
• Sep 30, 2022Dollar gains on euro after inflation data, sterling falls+0.3%