# EUR/USD outlook has brightened by signs of peak US inflation

> EUR/USD was slightly lower after a large rally on Tuesday driven by weaker-than-expected US inflation. Traders awaited retail sales, PPI and New York manufacturing data later in the day.

- Date: 2023-11-15 · published 2023-11-15T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/10104-eur-usd-outlook-has-brightened-by-signs-of-peak-us-inflation
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Expectations of slowing US inflation and peaking rates favor a weaker dollar, which can support dollar-priced commodities, but the effect on feed markets is indirect.

## Read by commodity

- EURUSD: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2023-11-14 | 1 | +1.5% | 3.5 | It confirms the large Tuesday EUR/USD rally came from weaker-than-expected US inflation, though it is dated the day after and mostly describes the aftermath. |

## Sources

- forex.com: https://www.forex.com/en-us/news-and-analysis/eur-usd-outlook-has-brightened-by-signs-of-peak-us-inflation/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.