# EUR/USD slips below mid-1.0800s ahead of Eurozone CPI and US PCE Price Index

> The euro slipped below 1.0800 ahead of eurozone CPI and US PCE data, as a modest dollar rebound followed strong US ADP jobs data. Markets reduced bets on aggressive Fed rate cuts and rising Treasury yields supported the dollar.

- Date: 2024-10-31 · published 2024-10-31T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/28074-eur-usd-slips-below-mid-1-0800s-ahead-of-eurozone-cpi-and-us-pce-price-index
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A firmer dollar on expectations of smaller Fed cuts pressures dollar-priced commodity exports and can weigh on feed grain and meal prices.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Sources

- fxstreet.com: https://www.fxstreet.com/news/eur-usd-slips-below-mid-10800s-ahead-of-eurozone-cpi-and-us-pce-price-index-202410310518

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