Euro and sterling extend losses as strong dollar weighs on European currencies

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.

• Apr 1, 2023Dollar outshines euro, sterling amid European bank jitters+0.4%
• Oct 3, 2022Dollar up on euro as quarter ends, commodity led currencies sink - Business & Finance - Business Recorder+0.0%
• Sep 30, 2022Dollar gains on euro after inflation data, sterling falls+0.3%
• Jul 6, 2022Dollar gains, euro falls as energy drives currency swings-1.8%
• Mar 15, 2023Euro Slumps against Pound and Dollar as European Banking Fears Rise+0.4%

Not enough comparable past events yet for a historical read.

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.

• Dec 9, 2021Strong dollar weighs on Latin American currencies | Financial Post+0.8%
• Nov 16, 2023The Impact of the Strong U.S. Dollar on Asian Currencies-0.3%
• Mar 2, 2023Sterling falls as interest rate outlook and strong dollar weigh+0.7%
• Apr 1, 2023Dollar outshines euro, sterling amid European bank jitters-0.0%
• Apr 29, 2024A Strong U.S. Dollar Weighs on the World-0.7%