# EUR/USD: Euro Gains Fade After Bright CPI Report Gets Clouded by Fed Pessimism — TradingView News

> The euro gave back its gains after the Federal Reserve kept rates unchanged and projected only one rate cut this year, down from three. EUR/USD slid from about 1.0850 back toward 1.08, and sterling fell after the Fed decision. The dollar rallied and USD/JPY stayed near 157.

- Date: 2024-06-13 · published 2024-06-13T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/10802-eur-usd-euro-gains-fade-after-bright-cpi-report-gets-clouded-by-fed-pessimism
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Fewer expected Fed cuts supported the dollar and lifted U.S. yields, which pressures dollar-priced feed commodities and raises financing costs for importers. The reversal shows that the rate-cut outlook is the main driver of currency-linked price moves.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-07-29 | [Euro hits one-month low after reality check on US-EU trade deal, markets await cenbank decisions — TradingView News](https://feedsoft.ai/events/23981-euro-hits-one-month-low-after-reality-check-on-us-eu-trade-deal-markets-await.md) | +0.3% | -0.2% |
| DXY | 2025-07-31 | [Yen rises after BOJ decision; dollar eyes first monthly gain this year — TradingView News](https://feedsoft.ai/events/24004-yen-rises-after-boj-decision-dollar-eyes-first-monthly-gain-this-year.md) | -0.7% | -0.6% |
| DXY | 2019-09-30 | [NewsBreak: Euro Hits New 2019 Low After German CPI Falls Below 1% By Investing.com](https://feedsoft.ai/events/57279-newsbreak-euro-hits-new-2019-low-after-german-cpi-falls-below-1-by-investing-com.md) | -0.2% | -1.4% |
| DXY | 2023-01-29 | [Dollar clings to gains after US data; traders eye upcoming Fed meetings - The Business Times](https://feedsoft.ai/events/38005-dollar-clings-to-gains-after-us-data-traders-eye-upcoming-fed-meetings-the.md) | +0.5% | +2.1% |
| DXY | 2024-06-13 | [EUR/USD declines as the Fed's hawkish narrative outweighs soft US CPI and PPI report](https://feedsoft.ai/events/29982-eur-usd-declines-as-the-fed-s-hawkish-narrative-outweighs-soft-us-cpi-and-ppi.md) | +0.3% | -1.1% |
| EURUSD | 2025-07-29 | [Euro hits one-month low after reality check on US-EU trade deal, markets await cenbank decisions — TradingView News](https://feedsoft.ai/events/23981-euro-hits-one-month-low-after-reality-check-on-us-eu-trade-deal-markets-await.md) | -0.4% | +0.5% |
| EURUSD | 2018-11-02 | [EUR/USD drops further after reports signal ECB considers new TLTRO — Octa](https://feedsoft.ai/events/62243-eur-usd-drops-further-after-reports-signal-ecb-considers-new-tltro-octa.md) | +0.2% | -0.4% |
| EURUSD | 2019-09-30 | [NewsBreak: Euro Hits New 2019 Low After German CPI Falls Below 1% By Investing.com](https://feedsoft.ai/events/57279-newsbreak-euro-hits-new-2019-low-after-german-cpi-falls-below-1-by-investing-com.md) | +0.3% | +1.4% |

## Sources

- tradingview.com: https://www.tradingview.com/news/tradingview:2ac41c080094b:0-eur-usd-euro-gains-fade-after-bright-cpi-report-gets-clouded-by-fed-pessimism/

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