# Euro Pushes Higher On Upbeat First Quarter GDP Estimate

> 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.

- Date: 2019-04-30 · published 2019-04-30T12:00:00.000Z
- Category: report · region Eurozone · magnitude low
- Page: https://feedsoft.ai/events/59792-euro-pushes-higher-on-upbeat-first-quarter-gdp-estimate
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

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.

## Read by commodity

- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-02-02 | [U.S. dollar falls after private jobs data; euro up as inflation heats up](https://feedsoft.ai/events/42903-u-s-dollar-falls-after-private-jobs-data-euro-up-as-inflation-heats-up.md) | +1.6% | -1.2% |
| EURUSD | 2019-04-30 | [Eurozone Q1 GDP Growth Beats Forecasts](https://feedsoft.ai/events/59794-eurozone-q1-gdp-growth-beats-forecasts.md) | +0.3% | +0.1% |
| EURUSD | 2025-04-30 | [Euro zone GDP Q1 2025](https://feedsoft.ai/events/25340-euro-zone-gdp-q1-2025.md) | -0.4% | -1.0% |
| EURUSD | 2026-07-31 | [Euro zone inflation ticks up in July, bolstering rate hike case](https://feedsoft.ai/events/7688-euro-zone-inflation-ticks-up-in-july-bolstering-rate-hike-case.md) | -0.0% | +1.1% |
| EURUSD | 2022-11-07 | [Soaring euro punches past parity \| MarketPulse by OANDA Group](https://feedsoft.ai/events/8202-soaring-euro-punches-past-parity-marketpulse-by-oanda-group.md) | +4.5% | +6.1% |

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/25620/2019-04-30-euro-pushes-higher-on-upbeat-first-quarter-gdp-estimate.html

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