# Euro rises amid record inflation in Europe

> The euro rose against the dollar near two-week highs after euro zone consumer prices rose 10% in September, a record. Analysts expect the ECB to hike rates at its October meeting, though some doubt its tightening will be enough to support the euro.

- Date: 2022-10-03 · published 2022-10-03T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/9332-euro-rises-amid-record-inflation-in-europe
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Record inflation raises the chance of aggressive ECB tightening, which can narrow the rate gap with the US and weaken the dollar. Energy-driven inflation also signals higher input costs for European feed producers.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2022-10-04 | 5 | +3.8% | 3.7 | Record eurozone inflation raised ECB hike expectations, supporting the euro early in the window. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-02-02 | [Record euro zone inflation piles pressure on ECB \| Reuters](https://feedsoft.ai/events/9873-record-euro-zone-inflation-piles-pressure-on-ecb-reuters.md) | +1.6% | -1.2% |
| EURUSD | 2026-09-01 | [Euro zone inflation rises above 3%, cementing ECB rate hike bets \| Reuters](https://feedsoft.ai/events/17697-euro-zone-inflation-rises-above-3-cementing-ecb-rate-hike-bets-reuters.md) | +0.1% | -2.4% |
| EURUSD | 2024-10-31 | [Euro zone inflation, October 2024](https://feedsoft.ai/events/28068-euro-zone-inflation-october-2024.md) | -1.2% | -2.9% |
| EURUSD | 2023-03-30 | [FOREX-Euro rises as inflation takes centre stage, bank fears recede \| Kitco News](https://feedsoft.ai/events/37075-forex-euro-rises-as-inflation-takes-centre-stage-bank-fears-recede-kitco-news.md) | +0.8% | +2.1% |
| EURUSD | 2018-10-25 | [Euro rises versus dollar after ECB's Draghi predicts inflation pick up](https://feedsoft.ai/events/62753-euro-rises-versus-dollar-after-ecb-s-draghi-predicts-inflation-pick-up.md) | -0.5% | -0.5% |
| DXY | 2024-10-31 | [Euro zone inflation, October 2024](https://feedsoft.ai/events/28068-euro-zone-inflation-october-2024.md) | +0.7% | +1.4% |
| DXY | 2023-03-30 | [FOREX-Euro rises as inflation takes centre stage, bank fears recede \| Kitco News](https://feedsoft.ai/events/37075-forex-euro-rises-as-inflation-takes-centre-stage-bank-fears-recede-kitco-news.md) | -0.4% | -0.3% |
| DXY | 2023-06-30 | [AUD/USD rises amid easing US inflation, stays firm around 0.6650s — Octa](https://feedsoft.ai/events/35758-aud-usd-rises-amid-easing-us-inflation-stays-firm-around-0-6650s-octa.md) | -0.4% | -1.5% |

## Sources

- economies.com: https://www.economies.com/forex/news/euro-rises-amid-record-inflation-in-europe-41667

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