# Forex: where next for the Euro as inflation surges to 4.9%? | IG International

> Eurozone inflation reached 4.9% in November, the highest since 1997 according to Eurostat. Pressure is building on the ECB to end its asset purchase program and raise rates, while the Fed is considering a faster taper.

- Date: 2021-12-07 · published 2021-12-07T12:00:00.000Z
- Category: macro · region Euro area · magnitude low
- Page: https://feedsoft.ai/events/43833-forex-where-next-for-the-euro-as-inflation-surges-to-4-9-ig-international
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Diverging central bank paths between the ECB and Fed shape EUR/USD, which affects the dollar cost of EU feed and grain demand and European energy-driven input costs.

## Read by commodity

- EURUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2017-09-01 | [Euro slips after six months of gains as ECB eyed \| The National](https://feedsoft.ai/events/69163-euro-slips-after-six-months-of-gains-as-ecb-eyed-the-national.md) | +1.2% | -0.7% |
| 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 | 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 | 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% |
| 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% |

## Sources

- ig.com: https://www.ig.com/en/news-and-trade-ideas/where-next-for-the-euro-as-eurozone-inflation-hits-4-9---211207

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