# EUR/USD Mixed Amidst US Economy Resilience

> EUR/USD briefly rose after Eurozone CPI showed softer headline inflation, but fell back to around 1.0560 after US consumer confidence and Eurozone GDP data. Eurozone GDP contracted 0.1% in Q3, and core inflation eased to 4.2%.

- Date: 2023-10-31 · published 2023-10-31T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/33845-eur-usd-mixed-amidst-us-economy-resilience
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Persistent US economic strength and a Eurozone contraction keep the dollar bid, which pressures dollar-priced grain and oilseed export values. Expectations of higher-for-longer rates weigh on the euro.

## Read by commodity

- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2023-05-25 | [US Dollar (DXY):  Soars to Two-Month High Amid Resilient Economy, Debt Ceiling Concerns \| FXEmpire](https://feedsoft.ai/events/36138-us-dollar-dxy-soars-to-two-month-high-amid-resilient-economy-debt-ceiling.md) | -0.1% | +1.2% |
| EURUSD | 2023-10-31 | [EUR/USD retreats on mixed EU data, ahead of Fed’s decision – Noor Trends](https://feedsoft.ai/events/33846-eur-usd-retreats-on-mixed-eu-data-ahead-of-fed-s-decision-noor-trends.md) | +1.2% | +3.3% |
| EURUSD | 2023-12-06 | [DXY Rebounds on Mixed US Data, Euro Tumbles \| LiquidityFinder](https://feedsoft.ai/events/32976-dxy-rebounds-on-mixed-us-data-euro-tumbles-liquidityfinder.md) | +0.0% | +1.6% |
| EURUSD | 2024-04-12 | [Why is European economy diverging from US and what are the limits to this? \| Reuters](https://feedsoft.ai/events/9974-why-is-european-economy-diverging-from-us-and-what-are-the-limits-to-this.md) | -0.6% | +0.5% |
| EURUSD | 2024-04-12 | [Euro (EUR USD) Falls to Five-Month Low as ECB-Fed Divergence Looms Large - Bloomberg](https://feedsoft.ai/events/9969-euro-eur-usd-falls-to-five-month-low-as-ecb-fed-divergence-looms-large-bloomberg.md) | -0.6% | +0.5% |

## Sources

- brokerxplorer.com: https://www.brokerxplorer.com/news/eurusd-mixed-amidst-us-economy-resilience-5082

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