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The euro rose after Eurostat's flash estimate showed eurozone GDP grew 0.4% in the first quarter of 2019, above the 0.3% forecast. Year-on-year growth was 1.2%.
Analysts said the figure could prompt some unwinding of short euro positions.
A firmer euro on better growth data slightly supports dollar-weaker conditions for US export pricing, though the effect on feed grain prices is modest.
exchangerates.org.ukElaine HoustenApr 30, 2019After 20 past bullish report events, Euro (USD per EUR) moved a median +0.7% over 5 sessions (70% higher; middle half -0.0% to +1.6%), and +1.1% 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.
