# Dollar rockets to 16-month highs after hot U.S. inflation; euro sinks | Reuters

> The dollar rose to 16-month highs after hot US inflation data, and the euro fell to $1.1454, its lowest since July 2020. Traders saw the ECB lagging on policy tightening. Deutsche Bank's George Saravelos said the euro could fall as far as $1.12.

- Date: 2021-11-11 · published 2021-11-11T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/11949-dollar-rockets-to-16-month-highs-after-hot-u-s-inflation-euro-sinks-reuters
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar lowers the dollar value of commodities priced in other currencies and can soften US export prices for grains and meal, while raising costs for euro-zone feed importers.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2021-11-16 | 5 | -2.2% | -3.1 | Hot US CPI on Nov 11 lifted the dollar to 16-month highs and pushed EUR/USD to its lowest since July 2020, driving the start of the 5-day decline. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2023-09-14 | [Dollar jumps to 6-month high after data, ECB announcement \| Reuters](https://feedsoft.ai/events/34313-dollar-jumps-to-6-month-high-after-data-ecb-announcement-reuters.md) | -0.2% | -1.7% |
| EURUSD | 2022-03-10 | [Euro eases after ECB meeting, while dollar firms following inflation data \| Reuters](https://feedsoft.ai/events/9527-euro-eases-after-ecb-meeting-while-dollar-firms-following-inflation-data-reuters.md) | -0.7% | -1.4% |
| EURUSD | 2024-12-12 | [Dollar higher on fresh inflation data, euro lower after ECB rate cut](https://feedsoft.ai/events/27173-dollar-higher-on-fresh-inflation-data-euro-lower-after-ecb-rate-cut.md) | -0.4% | -2.6% |
| EURUSD | 2016-06-24 | [Euro sinks to three-month low vs. dollar](https://feedsoft.ai/events/6958-euro-sinks-to-three-month-low-vs-dollar.md) | -3.0% | -3.6% |
| EURUSD | 2022-06-30 | [Euro under pressure as inflation fears send investors to dollar haven - Markets - Business Recorder](https://feedsoft.ai/events/41161-euro-under-pressure-as-inflation-fears-send-investors-to-dollar-haven-markets.md) | -3.0% | -3.0% |
| DXY | 2021-11-11 | [Hot U.S. inflation drives dollar to 2021 peaks \| Reuters](https://feedsoft.ai/events/44245-hot-u-s-inflation-drives-dollar-to-2021-peaks-reuters.md) | +0.8% | +1.2% |
| DXY | 2024-02-13 | [US dollar rises to three-month high after inflation data, surges past 150 yen](https://feedsoft.ai/events/31870-us-dollar-rises-to-three-month-high-after-inflation-data-surges-past-150-yen.md) | +0.1% | -0.6% |
| DXY | 2022-06-10 | [Stocks slide, dollar gains on hot U.S. inflation data \| Reuters](https://feedsoft.ai/events/7711-stocks-slide-dollar-gains-on-hot-u-s-inflation-data-reuters.md) | +1.5% | +3.7% |

## Sources

- reuters.com: https://www.reuters.com/business/dollar-rockets-20-month-highs-after-hot-us-inflation-2021-11-11/

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