# Euro holds above 3-week low ahead of inflation data

> The euro held above three-week lows on July 30, 2024, ahead of German and eurozone inflation data. Traders put the odds of a September ECB cut below 50%, while US rate-cut odds were seen near 100%.

- Date: 2024-07-30 · published 2024-07-30T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/29483-euro-holds-above-3-week-low-ahead-of-inflation-data
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A widening rate gap in favour of the US tends to support the dollar, which can pressure dollar-denominated feed commodity prices and make imports into Europe more expensive.

## Read by commodity

- EURUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2025-09-30 | [Euro Firms as Inflation Data Backs Rate Caution](https://feedsoft.ai/events/23094-euro-firms-as-inflation-data-backs-rate-caution.md) | -0.2% | -0.6% |
| EURUSD | 2025-06-16 | [ECB relaxed about euro strength, risk of too low inflation, de Guindos says](https://feedsoft.ai/events/24434-ecb-relaxed-about-euro-strength-risk-of-too-low-inflation-de-guindos-says.md) | -0.2% | +0.5% |
| EURUSD | 2024-07-26 | [EUR/USD appreciates to near 1.0850 ahead of US PCE inflation — Octa](https://feedsoft.ai/events/29489-eur-usd-appreciates-to-near-1-0850-ahead-of-us-pce-inflation-octa.md) | -0.7% | +2.3% |
| EURUSD | 2021-09-09 | [Dollar little changed, euro steady ahead of ECB decision](https://feedsoft.ai/events/45266-dollar-little-changed-euro-steady-ahead-of-ecb-decision.md) | -0.1% | -2.3% |
| EURUSD | 2024-08-30 | [FX Daily: US and eurozone inflation in focus \| articles \| ING THINK](https://feedsoft.ai/events/29011-fx-daily-us-and-eurozone-inflation-in-focus-articles-ing-think.md) | 0.0% | +0.7% |

## Sources

- economies.com: https://www.economies.com/forex/eur-usd-news/euro-holds-above-3-week-low-ahead-of-inflation-data-44709

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