
The euro fell to a four-week low against the dollar after US consumer prices rose 8.6% in May, the fastest pace since 1981. The data strengthened the case for multiple large Fed rate hikes this year, while the ECB was seen moving more gradually.
A widening rate gap favors the dollar, pressuring the euro and lifting the dollar index, which tends to make dollar-priced US feed and grain exports relatively more expensive for buyers in Europe.
Setelah 533 peristiwa makro bearish sebelumnya, Euro (USD per EUR) bergerak median -0,3% selama 5 sesi (33% lebih tinggi; separuh tengah -1,2% sampai +0,2%), dan -0,5% selama 20 sesi.
Setelah 2.356 peristiwa makro bullish sebelumnya, Dolar AS (Luas) bergerak median +0,2% selama 5 sesi (60% lebih tinggi; separuh tengah -0,3% sampai +0,7%), dan +0,4% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
US May CPI at 8.6% raised expectations of aggressive Fed tightening versus a slower ECB, widening the rate differential and pushing the euro to a four-week low.