# Euro Jumps Ahead of EU GDP and German CPI as US Dollar Pauses. Where to for EUR/USD? | Forex trading, free forex education | Forex.ca

> The euro rose against the US dollar on January 31, 2022, ahead of Eurozone GDP and German inflation data. Crude oil approached 6.5-year highs as geopolitical tensions escalated, and the Asia-Pacific session saw mixed equities.

- Date: 2022-01-31 · published 2022-01-31T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/43342-euro-jumps-ahead-of-eu-gdp-and-german-cpi-as-us-dollar-pauses-where-to-for-eur
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher crude and firmer energy prices raise biofuel and input costs for feed, and a softer dollar supports US export competitiveness for grains and meal.

## Read by commodity

- DXY: bearish ▼
- WTI: bullish ▲
- BRENT: bullish ▲
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-05-23 | [EUR/USD Soars as Lagarde Talks Up Hikes, Says ECB Will Exit Negative Rates in Q3 \| Forex trading, free forex education \| Forex.ca](https://feedsoft.ai/events/12692-eur-usd-soars-as-lagarde-talks-up-hikes-says-ecb-will-exit-negative-rates-in-q3.md) | +1.4% | -0.1% |
| EURUSD | 2021-10-29 | [Euro US Dollar Exchange Rate Jumps On ECB Rate Decision And US GDP](https://feedsoft.ai/events/44756-euro-us-dollar-exchange-rate-jumps-on-ecb-rate-decision-and-us-gdp.md) | -1.2% | -3.6% |
| EURUSD | 2021-07-30 | [EUR/USD Forecast: Euro US Dollar Exchange Rate Climbs To Three-Week High On Disappointing US GDP](https://feedsoft.ai/events/46297-eur-usd-forecast-euro-us-dollar-exchange-rate-climbs-to-three-week-high-on.md) | -0.4% | -1.1% |
| EURUSD | 2025-11-12 | [EUR/USD extends winning streak as Dollar slips ahead of key US House vote](https://feedsoft.ai/events/22156-eur-usd-extends-winning-streak-as-dollar-slips-ahead-of-key-us-house-vote.md) | +0.3% | +0.9% |
| EURUSD | 2023-11-15 | [Post-inflation dollar slump drives EUR/USD and GBP/USD while knocking back USD/CAD​ \| Levels to Watch \| IG International](https://feedsoft.ai/events/10102-post-inflation-dollar-slump-drives-eur-usd-and-gbp-usd-while-knocking-back-usd.md) | +0.6% | -0.6% |
| WTI | 2021-08-30 | [US Dollar Weakens as Dovish Fed Lifts Stocks, Bonds, Commodities and Other Currencies. Where To From Here? \| Forex trading, free forex education \| Forex.ca](https://feedsoft.ai/events/45482-us-dollar-weakens-as-dovish-fed-lifts-stocks-bonds-commodities-and-other.md) | +0.8% | +9.7% |
| WTI | 2026-07-30 | [Canadian Dollar consolidates as traders awaits US GDP and PCE data](https://feedsoft.ai/events/18593-canadian-dollar-consolidates-as-traders-awaits-us-gdp-and-pce-data.md) | -10.1% | +2.3% |
| WTI | 2024-07-31 | [USD/CAD falls below 1.3800 as GDP beats and oil sizzles ahead of FOMC decision](https://feedsoft.ai/events/29501-usd-cad-falls-below-1-3800-as-gdp-beats-and-oil-sizzles-ahead-of-fomc-decision.md) | -2.1% | +0.6% |

## Sources

- forex.ca: http://www.forex.ca/euro-jumps-ahead-of-eu-gdp-and-german-cpi-as-us-dollar-pauses-where-to-for-eur-usd/

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