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

> Credit Agricole said higher euro-zone inflation, with headline CPI at 3.0% and core at 1.6% in flash data, could strengthen hawkish ECB members and lift the euro. EUR/USD had recovered from 1.1665 on August 20 to 1.1825.

- Date: 2021-08-31 · published 2021-08-31T12:00:00.000Z
- Category: macro · region Eurozone · magnitude low
- Page: https://feedsoft.ai/events/45762-credit-agricole-euro-zone-inflation-jump-increases-potential-for-further-euro
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Stronger euro-zone inflation shifts the ECB and dollar outlook, which affects dollar-denominated commodity prices and euro-linked import costs for feed buyers. The effect on grain prices is indirect.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2022-10-03 | [Euro rises amid record inflation in Europe](https://feedsoft.ai/events/9332-euro-rises-amid-record-inflation-in-europe.md) | +0.0% | +1.0% |
| EURUSD | 2026-04-01 | [Euro-Zone Inflation Jumps Most Since 2022 as War Drives Energy](https://feedsoft.ai/events/20370-euro-zone-inflation-jumps-most-since-2022-as-war-drives-energy.md) | +0.5% | +1.7% |
| EURUSD | 2024-10-31 | [Euro zone inflation, October 2024](https://feedsoft.ai/events/28068-euro-zone-inflation-october-2024.md) | -1.2% | -2.9% |
| DXY | 2022-10-03 | [Euro rises amid record inflation in Europe](https://feedsoft.ai/events/9332-euro-rises-amid-record-inflation-in-europe.md) | -0.2% | +0.1% |
| DXY | 2024-10-31 | [Euro zone inflation, October 2024](https://feedsoft.ai/events/28068-euro-zone-inflation-october-2024.md) | +0.7% | +1.4% |
| DXY | 2020-06-04 | [Euro jumps as ECB increases stimulus - Business & Finance - Business Recorder](https://feedsoft.ai/events/52843-euro-jumps-as-ecb-increases-stimulus-business-and-finance-business-recorder.md) | -0.6% | +0.7% |

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/33833/2021-08-31-credit-agricole-euro-zone-inflation-jump-increases-potential-for-further-euro-recovery.html

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