# EUR/USD: Euro Hits 3 Month High Ahead of German CPI Data - Currency Live

> The euro hit a three-month high against the dollar on Nov 30 ahead of German consumer price data expected to show continued disinflation. The dollar fell on vaccine optimism and expectations of a dovish Federal Reserve.

- Date: 2020-11-30 · published 2020-11-30T12:00:00.000Z
- Category: market · region Eurozone · magnitude low
- Page: https://feedsoft.ai/events/50367-eur-usd-euro-hits-3-month-high-ahead-of-german-cpi-data-currency-live
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger euro and weaker dollar shape the ECB's stimulus outlook and the dollar-based pricing of imported commodities, though this is routine FX price commentary.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Sources

- currencylive.com: https://currencylive.com/news/104926-eur-usd-euro-hits-3-month-high-ahead-of-german-cpi-data/

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