
The euro hit a fresh 18-month low near 1.1066 against the dollar and then recovered slightly to about 1.1090. The dollar index retreated from a high near 103.08 after hawkish Fed repricing followed stronger US CPI data.
Expectations of further Fed rate hikes are lifting the dollar, which makes US feed and grain exports pricier for foreign buyers and weighs on dollar-denominated commodity prices.
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.
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.
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.