# Euro back above parity, dollar dips after inflation surges | Reuters

> The euro climbed back above parity with the dollar after US inflation data prompted traders to raise bets on a 100 bp Fed hike. A hike of at least 75 bp was seen as almost certain for the July 26-27 meeting.

- Date: 2022-07-13 · published 2022-07-13T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/40688-euro-back-above-parity-dollar-dips-after-inflation-surges-reuters
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of a larger Fed hike support the dollar, which weighs on dollar-priced commodities, while the euro rebound offers a small offset.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2024-10-31 | [Euro Outperforms Dollar and Pound After Inflation and GDP Surprises](https://feedsoft.ai/events/28072-euro-outperforms-dollar-and-pound-after-inflation-and-gdp-surprises.md) | -1.2% | -2.9% |
| EURUSD | 2018-10-25 | [Euro rises versus dollar after ECB's Draghi predicts inflation pick up](https://feedsoft.ai/events/62753-euro-rises-versus-dollar-after-ecb-s-draghi-predicts-inflation-pick-up.md) | -0.5% | -0.5% |
| EURUSD | 2022-10-26 | [Dollar sells off on speculation of less hawkish Fed, euro regains parity \| Reuters](https://feedsoft.ai/events/39362-dollar-sells-off-on-speculation-of-less-hawkish-fed-euro-regains-parity-reuters.md) | -0.9% | +4.1% |
| 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 | 2021-09-01 | [Euro holds near one-month high after inflation jolt \| Reuters](https://feedsoft.ai/events/45265-euro-holds-near-one-month-high-after-inflation-jolt-reuters.md) | +0.2% | -1.6% |
| DXY | 2024-10-31 | [Euro Outperforms Dollar and Pound After Inflation and GDP Surprises](https://feedsoft.ai/events/28072-euro-outperforms-dollar-and-pound-after-inflation-and-gdp-surprises.md) | +0.7% | +1.4% |
| DXY | 2023-11-14 | [Dollar sinks after data shows US inflation cooling \| Reuters](https://feedsoft.ai/events/10100-dollar-sinks-after-data-shows-us-inflation-cooling-reuters.md) | -1.8% | -1.4% |
| DXY | 2024-09-27 | [Dollar weakens after inflation data, Yen surges on Ishiba win](https://feedsoft.ai/events/28544-dollar-weakens-after-inflation-data-yen-surges-on-ishiba-win.md) | +0.9% | +2.9% |

## Sources

- reuters.com: https://www.reuters.com/markets/europe/euro-clings-parity-traders-wait-us-inflation-2022-07-13/

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