# FX Daily: US and eurozone inflation in focus | articles | ING THINK

> ING's FX note previews US July core PCE, expected at 0.2% month on month, and eurozone inflation data. It says the dollar is unlikely to fall much further near term and that Japanese inflation raises the chance of a BoJ hike.

- Date: 2024-08-30 · published 2024-08-30T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/29011-fx-daily-us-and-eurozone-inflation-in-focus-articles-ing-think
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

The note is a currency outlook that signals limited near-term dollar weakness, so it has little direct bearing on grain or meal prices.

## Read by commodity

- DXY: neutral
- EURUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-11-30 | [FX Daily: Dollar rebound increasingly hinges on activity data \| articles \| ING THINK](https://feedsoft.ai/events/33381-fx-daily-dollar-rebound-increasingly-hinges-on-activity-data-articles-ing-think.md) | +0.6% | -1.2% |
| DXY | 2021-10-28 | [FX Daily: Hawkish drift \| ING THINK](https://feedsoft.ai/events/7167-fx-daily-hawkish-drift-ing-think.md) | +0.6% | +2.5% |
| DXY | 2026-02-26 | [EUR/USD steady as ECB eyes inflation target, German CPI in focus](https://feedsoft.ai/events/20805-eur-usd-steady-as-ecb-eyes-inflation-target-german-cpi-in-focus.md) | +1.1% | +2.0% |
| DXY | 2020-10-26 | [FX Daily: Trading the hemispheres \| ING THINK](https://feedsoft.ai/events/50879-fx-daily-trading-the-hemispheres-ing-think.md) | +1.0% | -1.1% |
| DXY | 2021-01-28 | [FX: Challenging our bearish dollar forecast \| articles \| ING THINK](https://feedsoft.ai/events/49343-fx-challenging-our-bearish-dollar-forecast-articles-ing-think.md) | +0.2% | -0.1% |
| EURUSD | 2021-02-09 | [Euroflation: the EUR reflation trade and its market implications \| articles \| ING THINK](https://feedsoft.ai/events/48857-euroflation-the-eur-reflation-trade-and-its-market-implications-articles-ing.md) | +0.5% | -1.3% |
| EURUSD | 2026-02-26 | [EUR/USD steady as ECB eyes inflation target, German CPI in focus](https://feedsoft.ai/events/20805-eur-usd-steady-as-ecb-eyes-inflation-target-german-cpi-in-focus.md) | -1.4% | -2.0% |
| EURUSD | 2020-01-23 | [EUR & the ECB: The good, boring funding currency \| articles \| ING THINK](https://feedsoft.ai/events/55291-eur-and-the-ecb-the-good-boring-funding-currency-articles-ing-think.md) | -0.7% | -2.6% |

## Sources

- think.ing.com: https://think.ing.com/articles/fx-daily-300824/

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