# Euro Mildly Higher after ECB, Dollar Dips Slightly on GDP Miss - ActionForex

> The euro edged higher after the ECB press conference on October 28, 2021, and the dollar dipped after US third-quarter GDP came in at 2.0% annualized, below the 2.6% expected. Major currency pairs stayed within the prior day's range, and commodity currencies were the weakest.

- Date: 2021-10-28 · published 2021-10-28T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/44759-euro-mildly-higher-after-ecb-dollar-dips-slightly-on-gdp-miss-actionforex
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A soft dollar on weak US GDP data is mildly supportive for dollar-denominated feed commodities, but the moves were small and largely range-bound.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2021-07-22 | [Euro up slightly after ECB meeting; US jobless claims weigh on dollar - Markets - Business Recorder](https://feedsoft.ai/events/46295-euro-up-slightly-after-ecb-meeting-us-jobless-claims-weigh-on-dollar-markets.md) | +0.1% | -0.8% |
| EURUSD | 2021-10-28 | [Dollar index drops on euro rise after ECB comments](https://feedsoft.ai/events/7166-dollar-index-drops-on-euro-rise-after-ecb-comments.md) | -0.1% | -2.6% |
| EURUSD | 2024-10-31 | [Euro Outperforms Dollar and Pound After Inflation and GDP Surprises](https://feedsoft.ai/events/28072-euro-outperforms-dollar-and-pound-after-inflation-and-gdp-surprises.md) | -1.2% | -2.9% |
| 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 | 2021-10-29 | [Euro US Dollar Exchange Rate Jumps On ECB Rate Decision And US GDP](https://feedsoft.ai/events/44756-euro-us-dollar-exchange-rate-jumps-on-ecb-rate-decision-and-us-gdp.md) | -1.2% | -3.6% |
| DXY | 2021-07-29 | [Dollar Falls Broadly after Fed, Q2 GDP Next - ActionForex](https://feedsoft.ai/events/46247-dollar-falls-broadly-after-fed-q2-gdp-next-actionforex.md) | -0.3% | +0.4% |
| DXY | 2021-07-22 | [Euro up slightly after ECB meeting; US jobless claims weigh on dollar - Markets - Business Recorder](https://feedsoft.ai/events/46295-euro-up-slightly-after-ecb-meeting-us-jobless-claims-weigh-on-dollar-markets.md) | -0.2% | +0.3% |
| DXY | 2021-10-28 | [Dollar index drops on euro rise after ECB comments](https://feedsoft.ai/events/7166-dollar-index-drops-on-euro-rise-after-ecb-comments.md) | +0.6% | +2.5% |

## Sources

- actionforex.com: https://www.actionforex.com/action-insight/market-overview/411756-euro-mildly-higher-after-ecb-dollar-dips-slightly-on-gdp-miss/

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