# Euro Strengthens Against Pound on Strong Economic Data + Undervaluation Comments by Senior US Official

> The euro strengthened against the pound on January 31 after Eurozone inflation rose to 1.8% in January, above forecasts, and after Trump trade adviser Peter Navarro called the euro grossly undervalued. The moves lifted the euro across exchange rate pairs.

- Date: 2017-01-31 · published 2017-01-31T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/73185-euro-strengthens-against-pound-on-strong-economic-data-undervaluation-comments
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Currency moves tied to trade-policy rhetoric and eurozone inflation shift the relative competitiveness of European and US feed exports, with a firmer euro tending to reduce EU export appeal.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2023-04-17 | [The multiple factors underpinning the renewed strength of the euro against the dollar](https://feedsoft.ai/events/36619-the-multiple-factors-underpinning-the-renewed-strength-of-the-euro-against-the.md) | -0.1% | -1.1% |
| EURUSD | 2017-09-07 | [Euro soars higher as ECB's Draghi comments on currency's strength](https://feedsoft.ai/events/69156-euro-soars-higher-as-ecb-s-draghi-comments-on-currency-s-strength.md) | -0.4% | -1.5% |
| EURUSD | 2023-07-01 | [Dollar weaker after data burst, euro rises on ECB comments](https://feedsoft.ai/events/35680-dollar-weaker-after-data-burst-euro-rises-on-ecb-comments.md) | +0.7% | +0.9% |
| EURUSD | 2017-12-01 | [FOREX-Dollar gains vs yen on US tax reform hopes but sags against euro, pound](https://feedsoft.ai/events/67699-forex-dollar-gains-vs-yen-on-us-tax-reform-hopes-but-sags-against-euro-pound.md) | -0.9% | +1.0% |
| EURUSD | 2026-07-30 | [Euro Rises on Strong Eurozone Data and ECB Rate Hike Bets](https://feedsoft.ai/events/7685-euro-rises-on-strong-eurozone-data-and-ecb-rate-hike-bets.md) | +1.4% | +2.3% |
| DXY | 2025-05-30 | [Ringgit strengthens against US$, court pauses block on Trump-era tariffs » The Capital Post](https://feedsoft.ai/events/24946-ringgit-strengthens-against-us-court-pauses-block-on-trump-era-tariffs-the.md) | -0.5% | -1.6% |
| DXY | 2023-04-17 | [The multiple factors underpinning the renewed strength of the euro against the dollar](https://feedsoft.ai/events/36619-the-multiple-factors-underpinning-the-renewed-strength-of-the-euro-against-the.md) | +0.4% | +0.4% |
| DXY | 2017-09-07 | [Euro soars higher as ECB's Draghi comments on currency's strength](https://feedsoft.ai/events/69156-euro-soars-higher-as-ecb-s-draghi-comments-on-currency-s-strength.md) | +0.2% | +1.6% |

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/eur/6131-eurozone-data-pushes-euro-higher

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