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Euro zone inflation rose to 3.3% in August from 2.9% in July, driven almost entirely by higher energy costs. Core inflation eased to 2.4%, suggesting underlying price pressures remain modest.
Energy-led inflation keeps the ECB on a tightening path, which supports the euro against the dollar and reflects the higher energy costs that feed the cost base of European livestock producers.
After 388 past bullish macro events, Euro (USD per EUR) moved a median +0.3% over 5 sessions (62% higher; middle half -0.4% to +1.1%), and +0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.