# EUR/USD: Euro May Be Out of Reasons to Go Up After CPI Data | tastylive

> The euro has rebounded against the dollar as markets cut expectations for ECB rate cuts in 2024, now priced at 85bps from 141bps. Analysts expect German CPI to ease to 2.7% and eurozone CPI to 2.5%.

- Date: 2024-02-27 · published 2024-02-27T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/31883-eur-usd-euro-may-be-out-of-reasons-to-go-up-after-cpi-data-tastylive
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Shifting rate expectations are a currency-level driver with little direct effect on feed commodity supply or demand.

## Read by commodity

- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2023-03-31 | [Dollar up vs. euro but remains on track for weekly loss after inflation data](https://feedsoft.ai/events/37072-dollar-up-vs-euro-but-remains-on-track-for-weekly-loss-after-inflation-data.md) | +0.3% | +1.1% |
| EURUSD | 2022-12-14 | [EUR/USD Turns to the Fed & the ECB, After Tuesday’s Jump on Softer US CPI Inflation \| FXCM Markets](https://feedsoft.ai/events/38442-eur-usd-turns-to-the-fed-and-the-ecb-after-tuesday-s-jump-on-softer-us-cpi.md) | +0.0% | +1.8% |
| EURUSD | 2019-04-30 | [EUR/USD Recovers 1.12 Handle after GDP and German Inflation Data Offer Glimpse of Recovery](https://feedsoft.ai/events/59793-eur-usd-recovers-1-12-handle-after-gdp-and-german-inflation-data-offer-glimpse.md) | +0.3% | +0.1% |
| EURUSD | 2023-07-01 | [Dollar weaker after data burst, euro rises on ECB comments](https://feedsoft.ai/events/35680-dollar-weaker-after-data-burst-euro-rises-on-ecb-comments.md) | +0.7% | +0.9% |
| EURUSD | 2021-11-23 | [Dollar gains, euro recovers on better than expected data \| Reuters](https://feedsoft.ai/events/11254-dollar-gains-euro-recovers-on-better-than-expected-data-reuters.md) | +0.2% | +0.1% |

## Sources

- tastylive.com: https://www.tastylive.com/news-insights/eur-usd-euro-out-of-reasons-go-up-after-cpi-data

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