# EUR/USD advances as ECB holds rates, Dollar softens on mixed data

> EUR/USD traded near 1.1690 on April 30 after the ECB left its rates unchanged and a three-week low was reached earlier in the day. The move reflected a softer dollar after mixed US data, including first-quarter GDP growth of 2% versus expectations of 2.3%. US PCE inflation reached 3.5% year-on-year in March.

- Date: 2026-04-30 · published 2026-04-30T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/19943-eur-usd-advances-as-ecb-holds-rates-dollar-softens-on-mixed-data
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Dollar weakness supports dollar-denominated commodity prices and can improve US export competitiveness for feed grains and meals. The effect is modest and usually overshadowed by energy and geopolitical drivers.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2025-11-25 | [EUR/USD Forecast: Advances as US data, dovish Fed signal rate cut](https://feedsoft.ai/events/22154-eur-usd-forecast-advances-as-us-data-dovish-fed-signal-rate-cut.md) | +0.7% | +2.2% |
| EURUSD | 2025-05-29 | [EUR/USD rebounds sharply as soft US jobs, GDP data sink US Dollar](https://feedsoft.ai/events/24905-eur-usd-rebounds-sharply-as-soft-us-jobs-gdp-data-sink-us-dollar.md) | +1.2% | +3.8% |
| EURUSD | 2025-12-18 | [EUR/USD rebounds as ECB holds rates and US inflation cools](https://feedsoft.ai/events/21719-eur-usd-rebounds-as-ecb-holds-rates-and-us-inflation-cools.md) | +0.3% | -1.3% |
| EURUSD | 2023-12-22 | [Euro (EUR USD) Hits Strongest Since August as Dollar Eases on US Rate Bets - Bloomberg](https://feedsoft.ai/events/32927-euro-eur-usd-hits-strongest-since-august-as-dollar-eases-on-us-rate-bets.md) | +0.7% | -1.5% |
| EURUSD | 2025-12-22 | [EUR/USD rises as ECB stability outshines US Dollar struggles](https://feedsoft.ai/events/21722-eur-usd-rises-as-ecb-stability-outshines-us-dollar-struggles.md) | +0.3% | -0.1% |
| DXY | 2025-11-25 | [EUR/USD Forecast: Advances as US data, dovish Fed signal rate cut](https://feedsoft.ai/events/22154-eur-usd-forecast-advances-as-us-data-dovish-fed-signal-rate-cut.md) | -0.6% | -1.8% |
| DXY | 2024-11-07 | [Gold holds firm after US Fed rate cut, softer dollar](https://feedsoft.ai/events/27332-gold-holds-firm-after-us-fed-rate-cut-softer-dollar.md) | +1.0% | +0.8% |
| DXY | 2025-05-29 | [EUR/USD rebounds sharply as soft US jobs, GDP data sink US Dollar](https://feedsoft.ai/events/24905-eur-usd-rebounds-sharply-as-soft-us-jobs-gdp-data-sink-us-dollar.md) | -0.8% | -1.9% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/eur-usd-advances-as-ecb-holds-rates-mixed-us-data-weigh-on-dollar-202604301326

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