# Euro holds near one-month high after inflation jolt | Reuters

> The euro edged back toward a one-month high on Wednesday after euro zone inflation rose to 3% year-on-year in August, the highest in a decade. The reading lifted German bond yields to their highest since late July and forced investors to cover bearish euro bets.

- Date: 2021-09-01 · published 2021-09-01T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/45265-euro-holds-near-one-month-high-after-inflation-jolt-reuters
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher euro zone inflation and yields tilt the currency and rate outlook, which feeds into dollar strength and commodity pricing. The effect on feed markets is indirect and modest.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2021-09-02 | [Inflation shock and ECB hawks keep euro near 1-month high \| Reuters](https://feedsoft.ai/events/45264-inflation-shock-and-ecb-hawks-keep-euro-near-1-month-high-reuters.md) | -0.2% | -2.3% |
| EURUSD | 2021-09-02 | [Dollar lower after initial claims, euro at one-month high](https://feedsoft.ai/events/45269-dollar-lower-after-initial-claims-euro-at-one-month-high.md) | -0.2% | -2.3% |
| 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 | 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% |
| EURUSD | 2023-10-31 | [Euro Holds Gains After Eurozone Inflation Comes In Below 3.0% But Core Remains 'Sticky'](https://feedsoft.ai/events/33841-euro-holds-gains-after-eurozone-inflation-comes-in-below-3-0-but-core-remains.md) | +1.2% | +3.3% |
| DXY | 2021-09-02 | [Inflation shock and ECB hawks keep euro near 1-month high \| Reuters](https://feedsoft.ai/events/45264-inflation-shock-and-ecb-hawks-keep-euro-near-1-month-high-reuters.md) | +0.2% | +1.6% |
| DXY | 2021-09-02 | [Dollar lower after initial claims, euro at one-month high](https://feedsoft.ai/events/45269-dollar-lower-after-initial-claims-euro-at-one-month-high.md) | +0.2% | +1.6% |
| DXY | 2024-09-30 | [Sterling holds near recent highs on euro, dollar](https://feedsoft.ai/events/28572-sterling-holds-near-recent-highs-on-euro-dollar.md) | +0.9% | +3.1% |

## Sources

- reuters.com: https://www.reuters.com/world/middle-east/euro-holds-near-one-month-high-after-inflation-jolt-2021-09-01/

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