# Euro Has Best Day In 5 Months, While U.S. GDP Overshadows ECB | Investing.com

> EUR/USD posted its best day in five months on October 28, 2021, after US third-quarter GDP grew only 2% against expectations near 2.8%. Traders also reacted to the ECB holding policy unchanged, and the dollar sold off broadly in New York trading.

- Date: 2021-10-28 · published 2021-10-28T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/44757-euro-has-best-day-in-5-months-while-u-s-gdp-overshadows-ecb-investing-com
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Weak US growth and a softer dollar tend to support dollar-priced commodities, while the Fed's expected tapering stance keeps rate hike bets subdued.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-03-10 | [Best day in 5-years for EUR/USD ahead of the March ECB meeting](https://feedsoft.ai/events/9525-best-day-in-5-years-for-eur-usd-ahead-of-the-march-ecb-meeting.md) | -0.7% | -1.4% |
| EURUSD | 2022-01-31 | [Why AUD And EUR Are Soaring Into RBA, ECB \| Investing.com](https://feedsoft.ai/events/43384-why-aud-and-eur-are-soaring-into-rba-ecb-investing-com.md) | +2.6% | +0.6% |
| EURUSD | 2018-07-20 | [GBP: Stormy Outlook As Dark Clouds Gather Over Westminster  \| Investing.com](https://feedsoft.ai/events/64278-gbp-stormy-outlook-as-dark-clouds-gather-over-westminster-investing-com.md) | +0.4% | -1.9% |
| EURUSD | 2021-08-31 | [Two Major Surprises Today: China's PMI On The Downside And Eurozone CPI On The Ups \| Investing.com](https://feedsoft.ai/events/45769-two-major-surprises-today-china-s-pmi-on-the-downside-and-eurozone-cpi-on-the.md) | +0.5% | -1.0% |
| EURUSD | 2026-04-28 | [ECB Turns More Hawkish as Elevated Oil Prices Lift Inflation Risks \| Investing.com](https://feedsoft.ai/events/19948-ecb-turns-more-hawkish-as-elevated-oil-prices-lift-inflation-risks-investing-com.md) | -0.3% | -0.9% |
| DXY | 2022-03-10 | [Best day in 5-years for EUR/USD ahead of the March ECB meeting](https://feedsoft.ai/events/9525-best-day-in-5-years-for-eur-usd-ahead-of-the-march-ecb-meeting.md) | +0.2% | -0.5% |
| DXY | 2022-01-31 | [Why AUD And EUR Are Soaring Into RBA, ECB \| Investing.com](https://feedsoft.ai/events/43384-why-aud-and-eur-are-soaring-into-rba-ecb-investing-com.md) | -0.8% | -0.7% |
| DXY | 2021-08-31 | [Two Major Surprises Today: China's PMI On The Downside And Eurozone CPI On The Ups \| Investing.com](https://feedsoft.ai/events/45769-two-major-surprises-today-china-s-pmi-on-the-downside-and-eurozone-cpi-on-the.md) | -0.2% | +0.9% |

## Sources

- investing.com: https://www.investing.com/analysis/euro-has-best-day-in-5-months-while-us-gdp-overshadows-ecb-200606693

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