# Inflation shock and ECB hawks keep euro near 1-month high | Reuters

> The euro held near a one-month high against the dollar and a six-week high against the pound. Support came from hawkish ECB comments after euro zone inflation hit a decade high, and from signs the Fed was not rushing to tighten.

- Date: 2021-09-02 · published 2021-09-02T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/45264-inflation-shock-and-ecb-hawks-keep-euro-near-1-month-high-reuters
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Currency moves shift the relative cost of US commodity exports for euro-based buyers and affect dollar-denominated grain and oilseed prices. A firmer euro typically weighs on dollar-priced commodities at the margin.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| EURUSD | 2022-08-26 | [Euro zone bond yields shoot up to two-months highs on hawkish ECB, Fed \| Reuters](https://feedsoft.ai/events/40250-euro-zone-bond-yields-shoot-up-to-two-months-highs-on-hawkish-ecb-fed-reuters.md) | -0.1% | -2.4% |
| EURUSD | 2022-02-02 | [Record euro zone inflation piles pressure on ECB \| Reuters](https://feedsoft.ai/events/9873-record-euro-zone-inflation-piles-pressure-on-ecb-reuters.md) | +1.6% | -1.2% |
| EURUSD | 2026-09-01 | [Euro zone inflation rises above 3%, cementing ECB rate hike bets \| Reuters](https://feedsoft.ai/events/17697-euro-zone-inflation-rises-above-3-cementing-ecb-rate-hike-bets-reuters.md) | +0.1% | -2.4% |
| EURUSD | 2022-07-13 | [Euro back above parity, dollar dips after inflation surges \| Reuters](https://feedsoft.ai/events/40688-euro-back-above-parity-dollar-dips-after-inflation-surges-reuters.md) | +1.7% | +1.6% |
| DXY | 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) | +0.1% | +1.4% |
| DXY | 2022-07-13 | [Euro back above parity, dollar dips after inflation surges \| Reuters](https://feedsoft.ai/events/40688-euro-back-above-parity-dollar-dips-after-inflation-surges-reuters.md) | -0.8% | -1.3% |
| DXY | 2023-11-14 | [Wall St, European stocks fly on soft U.S. inflation data \| Reuters](https://feedsoft.ai/events/10106-wall-st-european-stocks-fly-on-soft-u-s-inflation-data-reuters.md) | -1.8% | -1.4% |

## Sources

- reuters.com: https://www.reuters.com/world/china/euro-near-1-mth-peak-versus-dollar-supported-by-inflation-shock-ecb-hawks-2021-09-02/

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