# EUR/USD Soars After Softer-Than-Expected U.S. Inflation Data | Investing.com

> EUR/USD jumped to two-month highs after U.S. October CPI came in softer than expected, with headline inflation at 7.7% year on year versus an 8% forecast. Core CPI printed 6.3% against 6.5% expected. The DXY fell about 1.3% as Treasury yields retreated and markets raised odds of a 50 bp Fed hike in December.

- Date: 2022-11-10 · published 2022-11-10T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/8196-eur-usd-soars-after-softer-than-expected-u-s-inflation-data-investing-com
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A weaker dollar and lower expected Fed tightening tend to support dollar-priced commodities and firm grain and oilseed export prices. Feed buyers may see modest relief on imported ingredient costs.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2022-11-14 | 5 | +4.5% | 3.9 | Softer-than-expected U.S. October CPI on Nov 10 cut Treasury yields and Fed tightening expectations, sending the dollar sharply lower and EUR/USD to two-month highs, the main driver of the 5-day move. |
| DXY | 2022-11-14 | 5 | -2.9% | -4.2 | EUR/USD surged after softer CPI and DXY fell as Treasury yields retreated and Fed hike odds eased. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-02-02 | [U.S. dollar falls after private jobs data; euro up as inflation heats up](https://feedsoft.ai/events/42903-u-s-dollar-falls-after-private-jobs-data-euro-up-as-inflation-heats-up.md) | -0.2% | +0.3% |
| DXY | 2022-10-04 | [Euro US Dollar Soars as Eurozone PPI Data Surprises Investors This is](https://feedsoft.ai/events/9333-euro-us-dollar-soars-as-eurozone-ppi-data-surprises-investors-this-is.md) | +0.5% | +0.2% |
| DXY | 2022-01-12 | [Dollar slumps as U.S. inflation surge comes in line with expectations](https://feedsoft.ai/events/43389-dollar-slumps-as-u-s-inflation-surge-comes-in-line-with-expectations.md) | -0.2% | -0.0% |
| DXY | 2019-06-07 | [U.S. May payrolls rose less than expected \| Reuters](https://feedsoft.ai/events/58786-u-s-may-payrolls-rose-less-than-expected-reuters.md) | -0.3% | -0.7% |
| DXY | 2025-01-15 | [US Dollar: Soft PPI Adds to Pullback, CPI Report Up Next \| Investing.com](https://feedsoft.ai/events/26739-us-dollar-soft-ppi-adds-to-pullback-cpi-report-up-next-investing-com.md) | -0.8% | -0.8% |
| EURUSD | 2022-02-02 | [U.S. dollar falls after private jobs data; euro up as inflation heats up](https://feedsoft.ai/events/42903-u-s-dollar-falls-after-private-jobs-data-euro-up-as-inflation-heats-up.md) | +1.6% | -1.2% |
| EURUSD | 2022-10-04 | [Euro US Dollar Soars as Eurozone PPI Data Surprises Investors This is](https://feedsoft.ai/events/9333-euro-us-dollar-soars-as-eurozone-ppi-data-surprises-investors-this-is.md) | -0.5% | +0.6% |
| EURUSD | 2026-04-10 | [Dollar Slips on Weaker-Than-Expected US Economic News](https://feedsoft.ai/events/11162-dollar-slips-on-weaker-than-expected-us-economic-news.md) | +0.7% | +0.5% |

## Sources

- investing.com: https://www.investing.com/analysis/eurusd-soars-after-softerthanexpected-us-inflation-data-200632216

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