Eurozone GDP grew 0.4% quarter-on-quarter in the third quarter, beating expectations of 0.2% but slowing from 0.6%. Annual growth rose to 1.3% from 1.2%, and the euro failed to hold gains.
Stronger European growth and hawkish ECB signals support the euro against the dollar, which can modestly affect dollar-priced commodity demand from Europe.
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.
After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% 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.