Eurostat data showed euro-zone inflation rose to 2.5% in March from 1.9% in February, below the 2.7% Reuters poll forecast. Core inflation eased from 2.4% to 2.3%, and the increase was attributed to higher energy prices following the Iran war that began February 28.
Energy-led inflation keeps ECB tightening expectations alive, supporting the euro against the dollar. Higher fuel and gas costs raise processing and transport expenses for European feed supply chains.
After 20 past bullish report events, Euro (USD per EUR) moved a median +0.7% over 5 sessions (70% higher; middle half -0.0% to +1.6%), and +1.1% over 20.
After 116 past bullish report events, Crude Oil (Brent) moved a median +1.3% over 5 sessions (66% higher; middle half -1.0% to +3.1%), and +2.0% 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.