The euro extended losses after euro zone inflation rose to 4.1% in October, beating forecasts and matching the series high. Investors judged that ECB President Lagarde's dovish stance did not resist market bets on rate hikes, and Italian bond yields rose again.
Expectations of earlier ECB tightening support the euro, but a dovish ECB undercuts that support, leaving EUR/USD weaker and making dollar-priced imports from Europe relatively cheaper.
Na 533 eerdere neerwaarts macro-gebeurtenissen bewoog Euro (USD per EUR) zich mediaan -0,3% over 5 sessies (33% hoger; middelste helft -1,2% tot +0,2%), en -0,5% 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.
Same-day euro losses as euro zone inflation hit 4.1% while markets judged Lagarde's dovish stance as failing to resist rate-hike bets, which pushed the euro lower (sentiment/currency).