
The euro rose against the dollar after ECB President Christine Lagarde acknowledged inflation running hotter than expected with upside risks, while the central bank kept its guidance and bond purchases unchanged. Money markets moved to price in ECB rate hikes later in 2022, with the euro at $1.1411.
Expectations of tighter ECB policy lift the euro and weigh on the dollar, which affects dollar-denominated commodity prices and the cost of imported inputs for European and emerging-market feed buyers.
Setelah 388 peristiwa makro bullish sebelumnya, Euro (USD per EUR) bergerak median +0,3% selama 5 sesi (62% lebih tinggi; separuh tengah -0,4% sampai +1,1%), dan +0,1% selama 20 sesi.
Setelah 1.637 peristiwa makro bearish sebelumnya, Dolar AS (Luas) bergerak median -0,2% selama 5 sesi (39% lebih tinggi; separuh tengah -0,6% sampai +0,3%), dan -0,2% 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.
Lagarde's hawkish comments on Feb 3 triggered a euro jump as markets priced in 2022 ECB hikes, the main driver of the week's gain.