# EUR/USD Eurozone Inflation Data to Overshadow EU’s Political Concerns - Currency Live

> The euro briefly rose above $1.12 before settling near $1.1188 after political risk in Italy temporarily weighed on it. Markets are watching eurozone inflation data, with expectations of 1.5% down from 1.9%.

- Date: 2017-05-31 · published 2017-05-31T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/71213-eur-usd-eurozone-inflation-data-to-overshadow-eu-s-political-concerns-currency
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Euro moves on Italian political risk and inflation data shift dollar strength, which feeds into dollar-denominated grain and oilseed price direction.

## Read by commodity

- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2019-10-31 | [EUR/USD: Euro Advances As EZ GDP Defies Expectations - Currency Live](https://feedsoft.ai/events/56783-eur-usd-euro-advances-as-ez-gdp-defies-expectations-currency-live.md) | -0.4% | -0.9% |
| EURUSD | 2021-08-31 | [What Does the Higher Eurozone Inflation Have in Store for the EUR/USD?](https://feedsoft.ai/events/45766-what-does-the-higher-eurozone-inflation-have-in-store-for-the-eur-usd.md) | +0.5% | -1.0% |
| EURUSD | 2023-11-14 | [Wall St, European stocks fly on soft U.S. inflation data \| Reuters](https://feedsoft.ai/events/10106-wall-st-european-stocks-fly-on-soft-u-s-inflation-data-reuters.md) | +2.3% | +0.8% |
| EURUSD | 2019-04-30 | [EUR/USD Recovers 1.12 Handle after GDP and German Inflation Data Offer Glimpse of Recovery](https://feedsoft.ai/events/59793-eur-usd-recovers-1-12-handle-after-gdp-and-german-inflation-data-offer-glimpse.md) | +0.3% | +0.1% |

## Sources

- currencylive.com: https://currencylive.com/news/100067-eu-inflation-data-eur-usd/

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