# Wall St, European stocks fly on soft U.S. inflation data | Reuters

> World stocks rallied on Tuesday after US inflation came in cooler than forecast for October. The lower yields pushed the dollar index down 1.47% and lifted the euro 1.7% to $1.08765.

- Date: 2023-11-14 · published 2023-11-14T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/10106-wall-st-european-stocks-fly-on-soft-u-s-inflation-data-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A softer dollar and lower yields are a broad macro tailwind for dollar-priced commodities, though the story is primarily about equity and currency markets.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2023-11-14 | 1 | +1.5% | 3.5 | Dated 2023-11-14, it reports the cooler-than-expected US October CPI that pushed the dollar index down about 1.5% and lifted the euro about 1.7%, directly matching the move (currency/sentiment). |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-06-12 | [European markets watch Fed decision, U.S. inflation data](https://feedsoft.ai/events/10800-european-markets-watch-fed-decision-u-s-inflation-data.md) | -0.0% | -1.0% |
| DXY | 2026-07-30 | [Gold rises on weaker U.S. dollar, soft inflation data](https://feedsoft.ai/events/18260-gold-rises-on-weaker-u-s-dollar-soft-inflation-data.md) | -1.2% | -1.9% |
| DXY | 2022-11-10 | [Oil prices settle 1% higher on tepid U.S. inflation data \| Reuters](https://feedsoft.ai/events/38852-oil-prices-settle-1-higher-on-tepid-u-s-inflation-data-reuters.md) | -1.6% | -2.8% |
| DXY | 2023-04-12 | [Oil rises 2% on lower-than-expected US inflation data \| Reuters](https://feedsoft.ai/events/36559-oil-rises-2-on-lower-than-expected-us-inflation-data-reuters.md) | -0.4% | -0.6% |
| DXY | 2022-09-30 | [Dollar gains on euro after inflation data, sterling falls](https://feedsoft.ai/events/39798-dollar-gains-on-euro-after-inflation-data-sterling-falls.md) | -0.2% | -0.3% |
| EURUSD | 2024-06-12 | [European markets watch Fed decision, U.S. inflation data](https://feedsoft.ai/events/10800-european-markets-watch-fed-decision-u-s-inflation-data.md) | +0.1% | +1.3% |
| EURUSD | 2022-09-09 | [Dollar slides as investors balance positions ahead of U.S. inflation data \| Reuters](https://feedsoft.ai/events/39800-dollar-slides-as-investors-balance-positions-ahead-of-u-s-inflation-data-reuters.md) | +0.4% | -1.5% |
| EURUSD | 2017-04-29 | [Euro jumps on European inflation data, dollar climbs vs. yen \| Amwal Al Ghad](https://feedsoft.ai/events/71691-euro-jumps-on-european-inflation-data-dollar-climbs-vs-yen-amwal-al-ghad.md) | +0.9% | +2.5% |

## Sources

- reuters.com: https://www.reuters.com/markets/global-markets-wrapup-1-2023-11-14/

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