# Euro jumps on European inflation data, dollar climbs vs. yen | Amwal Al Ghad

> The euro rose against the dollar after euro zone flash inflation for the first quarter came in at 1.9 percent, above forecasts. The dollar gained against the yen after US wage data suggested the Federal Reserve may hike rates twice more this year.

- Date: 2017-04-29 · published 2017-04-29T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/71691-euro-jumps-on-european-inflation-data-dollar-climbs-vs-yen-amwal-al-ghad
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Stronger euro zone inflation and firmer US rate expectations shift currency flows that affect the relative cost of dollar-priced grain and meal for European and Asian buyers.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2026-04-30 | [European Central Bank keeps rates on hold as inflation jumps](https://feedsoft.ai/events/19941-european-central-bank-keeps-rates-on-hold-as-inflation-jumps.md) | +0.5% | -0.4% |
| EURUSD | 2023-03-31 | [Dollar up vs. euro but remains on track for weekly loss after inflation data](https://feedsoft.ai/events/37072-dollar-up-vs-euro-but-remains-on-track-for-weekly-loss-after-inflation-data.md) | +0.3% | +1.1% |
| 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 | 2024-04-30 | [Euro-Dollar: Inflation, GDP Data Prompts Hawkish Rethink of ECB Rate Outlook](https://feedsoft.ai/events/30941-euro-dollar-inflation-gdp-data-prompts-hawkish-rethink-of-ecb-rate-outlook.md) | +0.6% | +1.5% |
| EURUSD | 2024-06-12 | [European markets watch Fed decision, U.S. inflation data](https://feedsoft.ai/events/10800-european-markets-watch-fed-decision-u-s-inflation-data.md) | +0.1% | +1.3% |
| DXY | 2023-11-30 | [Euro-Dollar Falls on Big Inflation Drop](https://feedsoft.ai/events/33380-euro-dollar-falls-on-big-inflation-drop.md) | +0.6% | -1.2% |
| DXY | 2024-12-12 | [Dollar higher on fresh inflation data, euro lower after ECB rate cut](https://feedsoft.ai/events/27173-dollar-higher-on-fresh-inflation-data-euro-lower-after-ecb-rate-cut.md) | +0.6% | +2.4% |
| DXY | 2021-05-28 | [Dollar Edges Up Ahead Of Inflation Data; Yen Falls - Market News Nigeria](https://feedsoft.ai/events/47357-dollar-edges-up-ahead-of-inflation-data-yen-falls-market-news-nigeria.md) | -0.1% | +1.0% |

## Sources

- en.amwalalghad.com: https://en.amwalalghad.com/euro-jumps-on-european-inflation-data-dollar-climbs-vs-yen/

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