EUR/USD rose about 1.1% to 1.0670 on May 23, 2022, its best level in nearly four weeks, after ECB President Lagarde indicated net asset purchases would end very early in the third quarter. She also said a rate lift-off would start in July, with the bank exiting negative rates by September.
The move was also supported by broad dollar weakness.
A clear ECB hiking path and a weaker dollar shift currency flows that affect the relative cost of US and other dollar-priced commodities for euro-area importers. The change is a macro driver that can influence feed import costs.
Na 388 eerdere opwaarts macro-gebeurtenissen bewoog Euro (USD per EUR) zich mediaan +0,3% over 5 sessies (62% hoger; middelste helft -0,4% tot +1,1%), en +0,1% over 20.
Na 1.637 eerdere neerwaarts macro-gebeurtenissen bewoog Amerikaanse dollar (breed) zich mediaan -0,2% over 5 sessies (39% hoger; middelste helft -0,6% tot +0,3%), en -0,2% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
Lagarde's hawkish guidance of a July lift-off and an exit from negative rates by September drove EUR/USD to a four-week high on May 23, with broad dollar weakness adding to the move.