◂ Event Timeline

Apr 30, 2019MACROEurozone

EUR/USD Recovers 1.12 Handle after GDP and German Inflation Data Offer Glimpse of Recovery

EUR/USD climbed above the 1.12 level after eurozone GDP and German inflation data surprised to the upside. Eurozone growth came in at 0.4% for the first quarter, ahead of consensus of 0.3%.

German consumer prices also rose faster than expected.

WHY IT MATTERS

Stronger euro-zone data reduces the chance of further dollar strength, which can lend modest support to dollar-priced agricultural commodities.

AFFECTSEuro (USD per EUR)▲

SOURCE
poundsterlinglive.comJames SkinnerApr 30, 2019

Price reaction & history

Euro (USD per EUR)▲bullishSO FAR1d +0.3%5d +0.3%20d +0.1%

After 388 past bullish macro events, Euro (USD per EUR) moved a median +0.3% over 5 sessions (62% higher; middle half -0.4% to +1.1%), and +0.1% over 20.

Oct 31, 2024Euro Outperforms Dollar and Pound After Inflation and GDP Surprises-1.2%
Apr 30, 2024Euro-Dollar: Inflation, GDP Data Prompts Hawkish Rethink of ECB Rate Outlook+0.6%
Nov 14, 2023Wall St, European stocks fly on soft U.S. inflation data | Reuters+2.3%
Dec 18, 2025EUR/USD rebounds as ECB holds rates and US inflation cools+0.3%
Mar 31, 2023Dollar up vs. euro but remains on track for weekly loss after inflation data+0.3%

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.

Euro (USD per EUR) EURUSD · GP ▸

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