# Eurozone Economy Improves, EUR/USD Rises Slightly

> 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.

- Date: 2023-07-31 · published 2023-07-31T12:00:00.000Z
- Category: macro · region Eurozone · magnitude low
- Page: https://feedsoft.ai/events/35254-eurozone-economy-improves-eur-usd-rises-slightly
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

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.

## Read by commodity

- EURUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2017-04-27 | [ECB says eurozone recovery 'increasingly solid' \| Euronews](https://feedsoft.ai/events/71692-ecb-says-eurozone-recovery-increasingly-solid-euronews.md) | +0.4% | +2.8% |
| EURUSD | 2025-07-01 | [ECB policymakers set pain threshold for euro rise in weak economy \| Reuters](https://feedsoft.ai/events/23984-ecb-policymakers-set-pain-threshold-for-euro-rise-in-weak-economy-reuters.md) | -0.5% | -2.0% |
| EURUSD | 2024-08-30 | [FX Daily: US and eurozone inflation in focus \| articles \| ING THINK](https://feedsoft.ai/events/29011-fx-daily-us-and-eurozone-inflation-in-focus-articles-ing-think.md) | 0.0% | +0.7% |
| EURUSD | 2023-06-28 | [EUR/USD: Will Lagarde Shake Up Euro? \| Investing.com](https://feedsoft.ai/events/35703-eur-usd-will-lagarde-shake-up-euro-investing-com.md) | -0.8% | +1.1% |
| EURUSD | 2024-05-29 | [EUR/USD: Euro May Turn Lower vs. Dollar on Eurozone CPI Data \| tastylive](https://feedsoft.ai/events/30471-eur-usd-euro-may-turn-lower-vs-dollar-on-eurozone-cpi-data-tastylive.md) | -0.0% | -1.8% |

## Sources

- brokerxplorer.com: https://www.brokerxplorer.com/news/eurozone-economy-improves-eurusd-rises-slightly-4719

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