# Euro shrugs as eurozone GDP, core CPI accelerate | MarketPulse by OANDA Group

> Eurostat reported eurozone GDP grew 0.3% in the second quarter of 2023, above consensus. Core inflation for June was 5.5%, slightly above the 5.4% consensus, and headline inflation eased to 5.3%. The euro barely moved on the data.

- Date: 2023-07-31 · published 2023-07-31T12:00:00.000Z
- Category: macro · region Eurozone · magnitude low
- Page: https://feedsoft.ai/events/35246-euro-shrugs-as-eurozone-gdp-core-cpi-accelerate-marketpulse-by-oanda-group
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Stronger growth and sticky core inflation keep the ECB hawkish, which supports the euro and EU demand for feed and food. Price effects on feed commodities are limited.

## Read by commodity

- EURUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2024-01-31 | [EUR/USD gives up gains after soft German CPI \| MarketPulse by OANDA Group](https://feedsoft.ai/events/32342-eur-usd-gives-up-gains-after-soft-german-cpi-marketpulse-by-oanda-group.md) | -0.9% | -0.0% |
| EURUSD | 2026-04-30 | [Traders temper euro zone rate hike bets as ECB grapples with Iran war impact \| MarketScreener](https://feedsoft.ai/events/19944-traders-temper-euro-zone-rate-hike-bets-as-ecb-grapples-with-iran-war-impact.md) | +0.5% | -0.4% |
| EURUSD | 2025-10-30 | [Euro zone markets steady as ECB offers no clues on outlook \| 1330 & 101.5 WHBL](https://feedsoft.ai/events/22623-euro-zone-markets-steady-as-ecb-offers-no-clues-on-outlook-1330-and-101-5-whbl.md) | -1.5% | -0.5% |
| EURUSD | 2025-08-29 | [Inflation Shows No Sign of Accelerating in France, Spain as ECB Mulls Next Steps -- Update \| MarketScreener](https://feedsoft.ai/events/23533-inflation-shows-no-sign-of-accelerating-in-france-spain-as-ecb-mulls-next-steps.md) | +0.7% | +0.2% |
| EURUSD | 2017-10-31 | [Loonie Falls Sharply on GDP Miss; Pound Boosted on Barnier; Eurozone Readings Mixed - ActionForex](https://feedsoft.ai/events/68712-loonie-falls-sharply-on-gdp-miss-pound-boosted-on-barnier-eurozone-readings.md) | -0.2% | +2.0% |

## Sources

- marketpulse.com: https://www.marketpulse.com/news/euro-shrugs-as-eurozone-gdp-core-cpi-accelerate/

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