# Euro US Dollar Soars as Eurozone PPI Data Surprises Investors This is

> EUR/USD rose about 0.9% after eurozone producer prices rose to 5% in August, above forecasts, driven by higher energy costs. The US dollar weakened after the September manufacturing PMI fell from 52.8 to 50.9.

- Date: 2022-10-04 · published 2022-10-04T12:00:00.000Z
- Category: report · region Europe · magnitude low
- Page: https://feedsoft.ai/events/9333-euro-us-dollar-soars-as-eurozone-ppi-data-surprises-investors-this-is
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Hotter producer prices point to further consumer inflation and ECB tightening, supporting the euro. A weaker US manufacturing reading softens the dollar, which can support dollar-priced commodity markets.

## 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 | Hot eurozone PPI and a weaker US PMI added to ECB tightening expectations and dollar weakness, supporting the euro's rise. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-11-10 | [EUR/USD Soars After Softer-Than-Expected U.S. Inflation Data \| Investing.com](https://feedsoft.ai/events/8196-eur-usd-soars-after-softer-than-expected-u-s-inflation-data-investing-com.md) | +3.0% | +5.1% |
| 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 | 2022-02-04 | [Dollar rises from two-week low after U.S. jobs surprise](https://feedsoft.ai/events/9876-dollar-rises-from-two-week-low-after-u-s-jobs-surprise.md) | +0.5% | -4.5% |
| EURUSD | 2026-03-31 | [Eurozone inflation surges as Iran war triggers energy price spike \| Euractiv](https://feedsoft.ai/events/20372-eurozone-inflation-surges-as-iran-war-triggers-energy-price-spike-euractiv.md) | +0.8% | +2.4% |
| EURUSD | 2026-07-31 | [Euro recovers as Eurozone inflation stays firm](https://feedsoft.ai/events/7687-euro-recovers-as-eurozone-inflation-stays-firm.md) | -0.0% | +1.1% |
| DXY | 2022-11-10 | [EUR/USD Soars After Softer-Than-Expected U.S. Inflation Data \| Investing.com](https://feedsoft.ai/events/8196-eur-usd-soars-after-softer-than-expected-u-s-inflation-data-investing-com.md) | -1.6% | -2.8% |
| 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 | 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% |

## Sources

- euroexchangeratenews.co.uk: https://www.euroexchangeratenews.co.uk/euro-us-dollar-eur-usd-exchange-rate-soars-as-eurozone-ppi-data-surprises-investors-31065

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