# EUR/USD Nosedives On Soft EMU Inflation While Dollar Rebounds - ActionForex

> The euro fell sharply on 31 March after very soft German inflation data, while the dollar rebounded on hawkish Fed comments. Chinese manufacturing PMI rose to 51.8, its highest in almost five years, and US stocks gained.

- Date: 2017-03-31 · published 2017-03-31T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/72204-eur-usd-nosedives-on-soft-emu-inflation-while-dollar-rebounds-actionforex
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker euro and stronger dollar make dollar-priced US feed commodities more expensive for European buyers, while the firmer Chinese PMI points to steady demand from the largest feed importer.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2018-08-29 | [Euro US Dollar Exchange Rate Live: EUR/USD <1.17 Handle Ahead Of Eurozone Inflation](https://feedsoft.ai/events/63737-euro-us-dollar-exchange-rate-live-eur-usd-and-lt-1-17-handle-ahead-of-eurozone.md) | -0.9% | +0.3% |
| EURUSD | 2022-03-10 | [Euro eases after ECB meeting, while dollar firms following inflation data \| Reuters](https://feedsoft.ai/events/9527-euro-eases-after-ecb-meeting-while-dollar-firms-following-inflation-data-reuters.md) | -0.7% | -1.4% |
| 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 | 2020-10-29 | [Euro Down after ECB, Oil Tumbles, Dollar and Yen Rise - ActionForex](https://feedsoft.ai/events/50842-euro-down-after-ecb-oil-tumbles-dollar-and-yen-rise-actionforex.md) | -0.2% | +1.7% |
| 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% |
| DXY | 2022-10-31 | [Dollar Rebounds, Aussie Weakens ahead of RBA - ActionForex](https://feedsoft.ai/events/39394-dollar-rebounds-aussie-weakens-ahead-of-rba-actionforex.md) | -0.1% | -2.8% |
| DXY | 2026-04-29 | [US Dollar Index Extends Rebound](https://feedsoft.ai/events/19917-us-dollar-index-extends-rebound.md) | -0.1% | +0.3% |
| DXY | 2018-08-29 | [Euro US Dollar Exchange Rate Live: EUR/USD <1.17 Handle Ahead Of Eurozone Inflation](https://feedsoft.ai/events/63737-euro-us-dollar-exchange-rate-live-eur-usd-and-lt-1-17-handle-ahead-of-eurozone.md) | +1.2% | +0.3% |

## Sources

- actionforex.com: https://www.actionforex.com/contributors/fundamental-analysis/7607-eur-usd-nosedives-on-soft-emu-inflation-while-dollar-rebounds/

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