What Does the Higher Eurozone Inflation Have in Store for the EUR/USD?

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.

• Dec 14, 2023ECB Keep Rates Steady with Tentative Inflation Downgrades, EUR/USD Rises+1.5%
• Jul 31, 2024EUR/USD rises to 1.0830 as Eurozone Inflation accelerates, Fed policy eyed — Octa+1.1%
• Oct 31, 2023Euro Holds Gains After Eurozone Inflation Comes In Below 3.0% But Core Remains 'Sticky'+1.2%
• May 31, 2017EUR/USD Eurozone Inflation Data to Overshadow EU’s Political Concerns - Currency Live+0.7%
• May 31, 2024Eurozone inflation accelerates in May: Are ECB rate cuts in doubt? | Euronews+0.4%

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.

• Apr 28, 2023GBP/USD Tests One-year High Following PCE Inflation Data Goes the Fed's Way-0.3%
• Jul 31, 2024EUR/USD rises to 1.0830 as Eurozone Inflation accelerates, Fed policy eyed — Octa-0.5%
• May 31, 2024Eurozone inflation accelerates in May: Are ECB rate cuts in doubt? | Euronews+0.3%
• Oct 31, 2024Euro zone inflation, October 2024+0.7%
• Mar 30, 2022Euro rises vs dollar as eurozone inflation fans rate hike expectations | Money & Forex Markets - Business Standard+0.1%