◂ Event Timeline

Aug 30, 2024MACROEurope

Euro zone bond yields drop as inflation data supports ECB easing hopes

Euro zone bond yields fell on Friday after inflation slowed to 2.2% from 2.6%, matching expectations. The German 10-year yield dropped 3 basis points to 2.253%, and traders priced a 98% chance of a September ECB cut.

WHY IT MATTERS

Lower euro-zone yields and stronger easing expectations are a macro factor that can soften the euro and weigh on the dollar index, with no direct supply effect on feed.

AFFECTSEuro (USD per EUR)▼

SOURCE
zawya.comSruthi ShankarAug 30, 2024

Price reaction & history

Euro (USD per EUR)▼bearishSO FAR1d -0.2%5d 0.0%20d +0.7%

After 533 past bearish macro events, Euro (USD per EUR) moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% over 20.

Aug 31, 2023After mixed euro zone inflation data, where do ECB interest rate odds stand now?-2.0%
Mar 10, 2022Euro zone bond yields soar as ECB presses on with stimulus exit | Reuters-0.7%
Aug 30, 2024Euro zone inflation, August 20240.0%
May 20, 2026Euro hits fresh six-week lows after Eurozone's final inflation data+0.2%
Mar 10, 2022Euro eases after ECB meeting, while dollar firms following inflation data | Reuters-0.7%

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.

Euro (USD per EUR) EURUSD · GP ▸

——— · ·

Loading…