# EUR/USD appreciates to near 1.0850 ahead of US PCE inflation — Octa

> EUR/USD rose to near 1.0850 on July 26, 2024, after rebounding from a two-week low. Stronger-than-expected US Q2 GDP and PMI data reduced some September Fed cut expectations, with markets still pricing about 88.6% odds of a cut.

- Date: 2024-07-26 · published 2024-07-26T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/29489-eur-usd-appreciates-to-near-1-0850-ahead-of-us-pce-inflation-octa
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Firm US growth data limits dollar weakness, which keeps dollar-priced feed commodities from gaining much on currency moves alone.

## Read by commodity

- DXY: neutral
- EURUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-08-29 | [US Dollar Index surges near 98.00 ahead of PCE Price Index data](https://feedsoft.ai/events/23513-us-dollar-index-surges-near-98-00-ahead-of-pce-price-index-data.md) | -0.1% | +0.1% |
| 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 | 2021-11-10 | [Dollar near one-month low to yen as inflation test looms](https://feedsoft.ai/events/44279-dollar-near-one-month-low-to-yen-as-inflation-test-looms.md) | +1.1% | +1.8% |
| DXY | 2021-08-25 | [USD/IDR Price News: Rupiah bulls break $14,400 as Bank Indonesia Governor cites inflation risk — Octa](https://feedsoft.ai/events/45863-usd-idr-price-news-rupiah-bulls-break-14-400-as-bank-indonesia-governor-cites.md) | -0.5% | -0.1% |
| DXY | 2024-01-31 | [Dollar Flat Ahead of FOMC Decision, US Payrolls Report](https://feedsoft.ai/events/32401-dollar-flat-ahead-of-fomc-decision-us-payrolls-report.md) | +0.3% | +0.4% |
| EURUSD | 2024-07-30 | [Euro holds above 3-week low ahead of inflation data](https://feedsoft.ai/events/29483-euro-holds-above-3-week-low-ahead-of-inflation-data.md) | +1.3% | +3.2% |
| 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 | 2026-03-01 | [ECB Has Yet to See Full Impact of Euro Appreciation, Kazaks Says](https://feedsoft.ai/events/20806-ecb-has-yet-to-see-full-impact-of-euro-appreciation-kazaks-says.md) | -1.8% | -2.6% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/1109703/

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