Credit Agricole: Euro-Zone Inflation Jump Increases Potential For Further Euro Recovery

After 388 past bullish macro events, Euro (USD per EUR) moved a median +0.3% over 5 sessions (62% higher; middle half -0.4% to +1.1%), and +0.1% over 20.

• Feb 2, 2022Record euro zone inflation piles pressure on ECB | Reuters+1.6%
• Sep 1, 2026Euro zone inflation rises above 3%, cementing ECB rate hike bets | Reuters+0.1%
• Oct 3, 2022Euro rises amid record inflation in Europe+0.0%
• Apr 1, 2026Euro-Zone Inflation Jumps Most Since 2022 as War Drives Energy+0.5%
• Oct 31, 2024Euro zone inflation, October 2024-1.2%

After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.

• Oct 3, 2022Euro rises amid record inflation in Europe-0.2%
• Oct 31, 2024Euro zone inflation, October 2024+0.7%
• Jun 4, 2020Euro jumps as ECB increases stimulus - Business & Finance - Business Recorder-0.6%
• Aug 31, 2021What Does the Higher Eurozone Inflation Have in Store for the EUR/USD?-0.2%
• Aug 31, 2021Euro Looks for Direction on Red-Hot Inflation Ahead of ECB Meeting-0.2%