# Two Major Surprises Today: China's PMI On The Downside And Eurozone CPI On The Ups | Investing.com

> The dollar fell against most major currencies, and the euro rose above $1.1830. Eurozone CPI came in above expectations, and OPEC+ was due to meet with a planned 400,000 bpd output increase amid COVID demand concerns. WTI was near $73 after a 10.6% rally the previous week.

- Date: 2021-08-31 · published 2021-08-31T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/45769-two-major-surprises-today-china-s-pmi-on-the-downside-and-eurozone-cpi-on-the
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A weaker dollar and firm oil prices support dollar-denominated commodities, while OPEC+ output decisions affect energy and biofuel costs. The effect on feed prices is mostly indirect.

## Read by commodity

- DXY: bearish ▼
- WTI: neutral
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-08-29 | [Stocks And Bonds Sell Off, While The Dollar Rallies \| Investing.com](https://feedsoft.ai/events/40299-stocks-and-bonds-sell-off-while-the-dollar-rallies-investing-com.md) | -6.7% | -17.6% |
| WTI | 2021-09-30 | [Why are gas prices on the rise and what does this mean for Singapore? - CNA](https://feedsoft.ai/events/45222-why-are-gas-prices-on-the-rise-and-what-does-this-mean-for-singapore-cna.md) | +3.5% | +10.2% |
| WTI | 2017-03-15 | [Will A Fed Rate Hike Boost The Price Of Oil? \| Investing.com](https://feedsoft.ai/events/71924-will-a-fed-rate-hike-boost-the-price-of-oil-investing-com.md) | -0.6% | +12.6% |
| WTI | 2026-09-29 | [Dollar firms, Aussie drops after RBA hike, and sterling slips on Burnham speech By Investing.com](https://feedsoft.ai/events/17720-dollar-firms-aussie-drops-after-rba-hike-and-sterling-slips-on-burnham-speech.md) | -1.0% | +6.8% |
| WTI | 2022-11-28 | [Canadian dollar posts biggest decline in six weeks as China outlook weighs - The Globe and Mail](https://feedsoft.ai/events/38906-canadian-dollar-posts-biggest-decline-in-six-weeks-as-china-outlook-weighs-the.md) | +4.6% | +4.2% |
| DXY | 2026-01-28 | [AUD/USD Outlook: US Dollar Unwind Hands the Baton to Australia CPI \| Investing.com](https://feedsoft.ai/events/21320-aud-usd-outlook-us-dollar-unwind-hands-the-baton-to-australia-cpi-investing-com.md) | +0.4% | +0.3% |
| DXY | 2017-01-05 | [China's Offshore Yuan is Bossing the US Dollar Around Today](https://feedsoft.ai/events/10253-china-s-offshore-yuan-is-bossing-the-us-dollar-around-today.md) | +0.1% | -2.7% |
| DXY | 2017-07-16 | [FX Week Ahead: Is It 'End Of Days' For The Greenback? \| Investing.com UK](https://feedsoft.ai/events/70282-fx-week-ahead-is-it-end-of-days-for-the-greenback-investing-com-uk.md) | -0.6% | -0.8% |

## Sources

- investing.com: https://www.investing.com/analysis/two-major-surprises-today-chinas-pmi-on-the-downside-and-eurozone-cpi-on-the-ups-200600494

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