◂ Event Timeline

Oct 1, 2023REPORTEuro area

ECB staff macroeconomic projections for the euro area, September 2023

The ECB's September 2023 staff projections cut the euro-area growth outlook to 0.7% for 2023 and 1.0% for 2024 and raised near-term inflation expectations. The projections cite tighter financing conditions, weak confidence and a stronger euro.

WHY IT MATTERS

Weaker euro-zone growth lowers European demand for imported feed ingredients and reduces the euro's support, which can weigh on EU feed demand and related dollar-priced commodity values.

AFFECTSEURUSD◆

SOURCE
ecb.europa.euEuropean Central BankOct 1, 2023

Price reaction & history

EURUSD◆neutralSO FAR1d -0.8%5d +0.1%20d +0.3%

After 54 past report events, EURUSD moved a median +0.1% over 5 sessions (59% higher; middle half -0.4% to +0.8%), and +0.1% over 20.

Nov 22, 2021The Fed - Foreign Exchange Rates - H.10 - November 22, 2021-0.5%
Jun 24, 2021Economic Bulletin Issue 4, 2021-0.9%
Mar 21, 2019Economic Bulletin Issue 2, 2019-0.9%
Apr 30, 2024Eurozone Preliminary HICP inflation steadies at 2.4% YoY in April, as expected+0.6%
Oct 6, 2025Federal Reserve Board - Foreign Exchange Rates - H.10 - October 06, 2025-1.1%

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.

EURUSD · GP ▸

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