Euro remains on the defensive as softer US PPI offers little relief

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.

• Jun 13, 2024EUR/USD declines as the Fed's hawkish narrative outweighs soft US CPI and PPI report-1.2%
• Jan 25, 2024US dollar gains after GDP data; euro falls to six-week low after dovish ECB, Lagarde | Reuters-0.4%
• Apr 12, 2024Euro sharpens decline to five-month lows on concerns about the interest rate gap-0.6%
• Jul 5, 2022Euro slides to 20-year low against the dollar as recession fears build-3.1%
• Jul 25, 2018Euro settles lower after ECB decision; yen up+0.2%

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 13, 2024EUR/USD declines as the Fed's hawkish narrative outweighs soft US CPI and PPI report+0.3%
• Oct 31, 2024Fiscal policy alignment offers relief, but U.S. data limits market gains+0.7%
• Dec 11, 2023Ringgit opens on softer note against US dollar | Scoop-0.8%
• Nov 23, 2021Dollar gains, euro recovers on better than expected data | Reuters+0.5%
• Sep 9, 2021Dollar little changed, euro steady ahead of ECB decision-0.2%