EUR/USD jumped to two-month highs after U.S. October CPI came in softer than expected, with headline inflation at 7.7% year on year versus an 8% forecast. Core CPI printed 6.3% against 6.5% expected.
The DXY fell about 1.3% as Treasury yields retreated and markets raised odds of a 50 bp Fed hike in December.
A weaker dollar and lower expected Fed tightening tend to support dollar-priced commodities and firm grain and oilseed export prices. Feed buyers may see modest relief on imported ingredient costs.
Tras 47 eventos bajista de informe pasados, Dólar estadounidense (amplio) se movió una mediana de -0,2 % en 5 sesiones (34% al alza; mitad central entre -0,8 % y +0,2 %), y -0,7 % en 20.
Tras 20 eventos alcista de informe pasados, Euro (USD por EUR) se movió una mediana de +0,7 % en 5 sesiones (70% al alza; mitad central entre -0,0 % y +1,6 %), y +1,1 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
Softer-than-expected U.S. October CPI on Nov 10 cut Treasury yields and Fed tightening expectations, sending the dollar sharply lower and EUR/USD to two-month highs, the main driver of the 5-day move.
EUR/USD surged after softer CPI and DXY fell as Treasury yields retreated and Fed hike odds eased.