# The Euro-Dollar Charts Point Lower and a Recession in Germany "Just Moved One Step Closer"

> Eurozone inflation held at 1% in August and core inflation surprised lower at 0.9%. German retail sales slipped, raising recession risk. Technical analysts at Commerzbank expect the euro to fall further.

- Date: 2019-08-30 · published 2019-08-30T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/57803-the-euro-dollar-charts-point-lower-and-a-recession-in-germany-just-moved-one
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Weak euro-area data increases expectations for ECB easing, supporting a stronger dollar that can weigh on dollar-denominated commodity prices.

## Read by commodity

- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-07-05 | [Euro slides to 20-year low against the dollar as recession fears build](https://feedsoft.ai/events/10286-euro-slides-to-20-year-low-against-the-dollar-as-recession-fears-build.md) | -3.1% | -1.3% |
| 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 | 2017-09-29 | [Dollar's Gains Pared, but Set to Snap Six Month Losing Streak Against the Euro - Marc to Market  Marc Chandler on Global FX and Capital Markets](https://feedsoft.ai/events/69152-dollar-s-gains-pared-but-set-to-snap-six-month-losing-streak-against-the-euro.md) | -0.6% | -1.7% |
| EURUSD | 2024-06-19 | [Dollar struggles for direction, euro close to 1-1/2-month low](https://feedsoft.ai/events/29979-dollar-struggles-for-direction-euro-close-to-1-1-2-month-low.md) | -0.5% | +1.6% |
| EURUSD | 2024-06-11 | [Euro drops to a one-month low; US dollar firms ahead of key inflation test  - The Business Times](https://feedsoft.ai/events/29986-euro-drops-to-a-one-month-low-us-dollar-firms-ahead-of-key-inflation-test-the.md) | -0.3% | +0.7% |

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/eurusd/11961-euro-dollar-seen-heading-lower-as-german-domestic-economy-cracks-and-inflation-slides

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