◂ Event Timeline

Oct 30, 2025MACROEurope

Euro zone markets steady as ECB offers no clues on outlook

The European Central Bank kept its deposit rate at 2% for a third straight meeting, as widely expected. Euro zone stocks, bonds and the euro held steady, with the euro near $1.1572.

Markets still expect no change through year-end 2025.

WHY IT MATTERS

A steady ECB and a firmer dollar after Fed comments keep the euro under mild pressure, which can affect dollar-denominated feed ingredient prices for European buyers.

AFFECTSEuro (USD per EUR)◆

SOURCE
whbl.comThomson ReutersOct 30, 2025

Price reaction & history

Euro (USD per EUR)◆neutralSO FAR1d -0.9%5d -1.5%20d -0.5%

After 129 past neutral macro events, Euro (USD per EUR) moved a median -0.1% over 5 sessions (45% higher; middle half -0.5% to +0.5%), and +0.1% over 20.

Apr 30, 2026Traders temper euro zone rate hike bets as ECB grapples with Iran war impact | MarketScreener+0.5%
Jul 18, 2024ECB leaves rates unchanged, markets look to ECB's Lagarde for clues-0.7%
Sep 11, 2020Euro firms as ECB policymakers calm worries; Norwegian crown shoots up - Markets - Business Recorder-0.5%
Apr 22, 2021Euro and U.S. dollar waffle as markets weigh ECB policy talk+0.5%
Sep 9, 2021Dollar little changed, euro steady ahead of ECB decision-0.1%

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.

Euro (USD per EUR) EURUSD · GP ▸

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