EUR/USD stayed below 1.1500 on March 31 after Eurozone preliminary data showed March inflation at 2.5%, below the 2.7% expected, and core HICP eased to 2.3%. The pair was on track for a nearly 3% fall in March, its weakest monthly performance since July.
Softer-than-expected inflation trims ECB hike bets, weakening the euro and making dollar-priced feed commodities relatively more expensive for euro buyers. The move is a currency-market reaction rather than a supply change.
After 15 past bearish report events, Euro (USD per EUR) moved a median +0.0% over 5 sessions (60% higher; middle half -0.6% to +0.4%), and -0.0% 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.