# Euro remains on its back foot as German CPI confirms easing price pressures

> Germany’s final October HICP confirmed a 0.1% month-on-month decline and 2.8% year-on-year increase, down from 0.6% and 3.3% in September. The euro fell against the dollar as U.S. October CPI and core CPI both exceeded expectations, strengthening expectations of a December Federal Reserve rate hike.

- Date: 2026-11-11 · published 2026-11-11T09:13:29.985Z
- Category: macro · region US and Germany · magnitude medium
- Page: https://feedsoft.ai/events/93309-euro-remains-on-its-back-foot-as-german-cpi-confirms-easing-price-pressures
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Stronger U.S. inflation can support the dollar by raising the expected path of interest rates, while easing German inflation may weigh on the euro. That combination pressured EUR/USD lower.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2018-04-12 | [Euro in Danger as Strength Now a Pressing Issue for the European Central Bank](https://feedsoft.ai/events/65729-euro-in-danger-as-strength-now-a-pressing-issue-for-the-european-central-bank.md) | -0.0% | -4.3% |
| EURUSD | 2019-09-30 | [NewsBreak: Euro Hits New 2019 Low After German CPI Falls Below 1% By Investing.com](https://feedsoft.ai/events/57279-newsbreak-euro-hits-new-2019-low-after-german-cpi-falls-below-1-by-investing-com.md) | +0.3% | +1.4% |
| EURUSD | 2024-09-23 | [Euro drops as glum PMI readings stoke bets on more ECB easing  - The Business Times](https://feedsoft.ai/events/28529-euro-drops-as-glum-pmi-readings-stoke-bets-on-more-ecb-easing-the-business-times.md) | 0.0% | -3.0% |
| EURUSD | 2021-03-29 | [Oliver Mangan: Euro pressured by widening interest rate gap](https://feedsoft.ai/events/48344-oliver-mangan-euro-pressured-by-widening-interest-rate-gap.md) | -0.3% | +2.3% |
| EURUSD | 2020-05-12 | [What the German court decision against the ECB means for the euro](https://feedsoft.ai/events/53353-what-the-german-court-decision-against-the-ecb-means-for-the-euro.md) | +0.8% | +4.9% |
| DXY | 2021-09-23 | [Gold prices ease as dollar firms on Fed rate hike comments \| Financial Post](https://feedsoft.ai/events/44965-gold-prices-ease-as-dollar-firms-on-fed-rate-hike-comments-financial-post.md) | +1.0% | -0.0% |
| DXY | 2016-08-31 | [Strong dollar remains anchor on prices](https://feedsoft.ai/events/12399-strong-dollar-remains-anchor-on-prices.md) | -1.2% | +0.3% |
| DXY | 2019-09-30 | [NewsBreak: Euro Hits New 2019 Low After German CPI Falls Below 1% By Investing.com](https://feedsoft.ai/events/57279-newsbreak-euro-hits-new-2019-low-after-german-cpi-falls-below-1-by-investing-com.md) | -0.2% | -1.4% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/euro-remains-on-its-back-foot-as-german-cpi-confirms-easing-price-pressures-202611110730

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