# Euro US Dollar Exchange Rate Jumps On ECB Rate Decision And US GDP

> EUR/USD rose about 0.7% to 1.1676 on October 29, 2021, after the ECB kept rates unchanged and said it would moderately slow its pandemic bond purchases. The move also followed a slowdown in US third-quarter GDP growth.

- Date: 2021-10-29 · published 2021-10-29T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/44756-euro-us-dollar-exchange-rate-jumps-on-ecb-rate-decision-and-us-gdp
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Dollar weakness after the ECB decision and weaker US growth can modestly lift dollar-denominated grain and oilseed prices, though the effect on feed markets is limited.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2023-03-16 | [Euro rises, dollar falls after ECB rate decision](https://feedsoft.ai/events/10083-euro-rises-dollar-falls-after-ecb-rate-decision.md) | +2.4% | +4.3% |
| EURUSD | 2021-07-30 | [EUR/USD Forecast: Euro US Dollar Exchange Rate Climbs To Three-Week High On Disappointing US GDP](https://feedsoft.ai/events/46297-eur-usd-forecast-euro-us-dollar-exchange-rate-climbs-to-three-week-high-on.md) | -0.4% | -1.1% |
| EURUSD | 2023-12-14 | [Euro-Dollar Closing On 1.10 As ECB Resists Rate Cut Bets](https://feedsoft.ai/events/8300-euro-dollar-closing-on-1-10-as-ecb-resists-rate-cut-bets.md) | +1.5% | +1.5% |
| EURUSD | 2023-01-31 | [Roaring Euro Turns to ECB Rate Decision - ActionForex](https://feedsoft.ai/events/38003-roaring-euro-turns-to-ecb-rate-decision-actionforex.md) | -1.3% | -2.4% |
| EURUSD | 2017-01-30 | [Euro Exchange Rates Trade Higher Vs Pound, Dollar After Navarro Comments Dent USD](https://feedsoft.ai/events/73192-euro-exchange-rates-trade-higher-vs-pound-dollar-after-navarro-comments-dent-usd.md) | +1.0% | -0.6% |
| DXY | 2023-03-16 | [Euro rises, dollar falls after ECB rate decision](https://feedsoft.ai/events/10083-euro-rises-dollar-falls-after-ecb-rate-decision.md) | -1.2% | -2.5% |
| DXY | 2021-07-30 | [EUR/USD Forecast: Euro US Dollar Exchange Rate Climbs To Three-Week High On Disappointing US GDP](https://feedsoft.ai/events/46297-eur-usd-forecast-euro-us-dollar-exchange-rate-climbs-to-three-week-high-on.md) | +0.3% | +1.2% |
| DXY | 2023-12-14 | [Euro-Dollar Closing On 1.10 As ECB Resists Rate Cut Bets](https://feedsoft.ai/events/8300-euro-dollar-closing-on-1-10-as-ecb-resists-rate-cut-bets.md) | -1.3% | -1.3% |

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/34300/2021-10-29-eurusd-euro-us-dollar-exchange-rate-jumps-on-ecb-rate-decision-and-us-gdp-.html

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