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

> Euro-zone inflation jumped to 3.0% in August, above forecasts, and core inflation rose to 1.6%. EUR/USD gained after the data, and ECB Governing Council member Knot said the outlook could allow an end to the PEPP by March 2022.

- Date: 2021-08-31 · published 2021-08-31T12:00:00.000Z
- Category: macro · region Eurozone · magnitude low
- Page: https://feedsoft.ai/events/45766-what-does-the-higher-eurozone-inflation-have-in-store-for-the-eur-usd
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of earlier ECB tapering support the euro against the dollar, which can pressure dollar-priced commodities. The impact on feed prices is indirect.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2023-12-14 | [ECB Keep Rates Steady with Tentative Inflation Downgrades, EUR/USD Rises](https://feedsoft.ai/events/8302-ecb-keep-rates-steady-with-tentative-inflation-downgrades-eur-usd-rises.md) | +1.5% | +1.5% |
| EURUSD | 2024-07-31 | [EUR/USD rises to 1.0830 as Eurozone Inflation accelerates, Fed policy eyed — Octa](https://feedsoft.ai/events/29486-eur-usd-rises-to-1-0830-as-eurozone-inflation-accelerates-fed-policy-eyed-octa.md) | +1.1% | +3.2% |
| 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% |
| EURUSD | 2017-05-31 | [EUR/USD Eurozone Inflation Data to Overshadow EU’s Political Concerns - Currency Live](https://feedsoft.ai/events/71213-eur-usd-eurozone-inflation-data-to-overshadow-eu-s-political-concerns-currency.md) | +0.7% | +1.0% |
| EURUSD | 2024-05-31 | [Eurozone inflation accelerates in May: Are ECB rate cuts in doubt? \| Euronews](https://feedsoft.ai/events/30466-eurozone-inflation-accelerates-in-may-are-ecb-rate-cuts-in-doubt-euronews.md) | +0.4% | -1.2% |
| DXY | 2023-04-28 | [GBP/USD Tests One-year High Following PCE Inflation Data Goes the Fed's Way](https://feedsoft.ai/events/36668-gbp-usd-tests-one-year-high-following-pce-inflation-data-goes-the-fed-s-way.md) | -0.3% | +1.2% |
| DXY | 2024-07-31 | [EUR/USD rises to 1.0830 as Eurozone Inflation accelerates, Fed policy eyed — Octa](https://feedsoft.ai/events/29486-eur-usd-rises-to-1-0830-as-eurozone-inflation-accelerates-fed-policy-eyed-octa.md) | -0.5% | -1.9% |
| DXY | 2024-05-31 | [Eurozone inflation accelerates in May: Are ECB rate cuts in doubt? \| Euronews](https://feedsoft.ai/events/30466-eurozone-inflation-accelerates-in-may-are-ecb-rate-cuts-in-doubt-euronews.md) | +0.3% | +1.8% |

## Sources

- investingcube.com: https://www.investingcube.com/forex/what-does-the-higher-eurozone-inflation-have-in-store-for-the-eur-usd-forex/

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