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Eurostat data showed the eurozone economy grew 0.3% in Q2 2023, better than expected. Preliminary July inflation slowed on a monthly basis.
The euro rose only slightly in early trading on July 31.
Better growth and cooling inflation reduce pressure on the ECB, which leaves the euro without a clear direction. Feed commodity prices are not directly affected.
brokerxplorer.comAisha AmajidaJul 31, 2023After 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.
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.
