# Euro-Dollar Gets No Help from Inflation as 1.20 Offers Formidable Support

> EUR/USD fell as European currencies lagged and the dollar advanced, even after eurozone inflation rose to 0.9% in January from -0.3%. Core inflation rose to 1.4%, above consensus. Analysts said the data were partly anticipated and the 1.20 level offers support.

- Date: 2021-02-03 · published 2021-02-03T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/48858-euro-dollar-gets-no-help-from-inflation-as-1-20-offers-formidable-support
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A weaker euro against a firm dollar makes US commodities relatively more expensive for euro-based buyers, though the effect on feed prices is modest.

## Read by commodity

- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2019-11-29 | [Euro-Dollar Gets No Joy from Inflation Gains as German Politics and U.S. Tariff Threat Loom](https://feedsoft.ai/events/56280-euro-dollar-gets-no-joy-from-inflation-gains-as-german-politics-and-u-s-tariff.md) | +0.9% | +1.6% |
| EURUSD | 2022-09-30 | [Euro Outlook: Double-digit Eurozone Inflation to Offer Scant Support](https://feedsoft.ai/events/39803-euro-outlook-double-digit-eurozone-inflation-to-offer-scant-support.md) | +0.3% | +1.6% |
| EURUSD | 2023-11-30 | [Euro-Dollar Falls on Big Inflation Drop](https://feedsoft.ai/events/33380-euro-dollar-falls-on-big-inflation-drop.md) | -1.6% | +0.9% |
| EURUSD | 2022-09-30 | [Dollar gains on euro after inflation data, sterling falls](https://feedsoft.ai/events/39798-dollar-gains-on-euro-after-inflation-data-sterling-falls.md) | +0.3% | +1.6% |
| EURUSD | 2026-08-27 | [Euro retreats below 1.1650 as inflation data buoys US Dollar ahead of Jackson Hole](https://feedsoft.ai/events/18100-euro-retreats-below-1-1650-as-inflation-data-buoys-us-dollar-ahead-of-jackson.md) | -0.5% | -2.4% |

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/eurusd/14949-euro-dollar-gets-no-help-from-inflation-surge-as-usd-s-advance-continues

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