U.S. October CPI rose 0.4% month on month, above the 0.3% forecast, while core CPI increased 0.3%, above the 0.2% forecast. The euro weakened against the dollar as the hotter inflation readings renewed expectations of a more aggressive Federal Reserve policy path.
Higher-than-expected U.S. inflation can increase expectations for tighter monetary policy, supporting the dollar and pressuring EUR/USD. The currency move may affect the cost of dollar-priced imports for euro-area buyers.
After 533 past bearish macro events, Euro (USD per EUR) moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% over 20.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.