# Euro Sterling, Euro Swiss Exchange Rates Plunge As Disappointing GDP Confirms Slow Eurozone Economic Growth

> The euro fell sharply against the dollar, sterling and the Swiss franc after weak German GDP and Eurozone quarterly growth data. Bundesbank President Jens Weidmann also signaled concern about slowing growth and inflation. The euro-dollar rate traded near $1.1447.

- Date: 2019-01-31 · published 2019-01-31T12:00:00.000Z
- Category: macro · region Eurozone · magnitude low
- Page: https://feedsoft.ai/events/61304-euro-sterling-euro-swiss-exchange-rates-plunge-as-disappointing-gdp-confirms
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Weak euro-area growth lowers expected demand for animal protein and feed in Europe and pressures the euro, which can lift dollar-priced commodities. The effect on feed markets is limited.

## Read by commodity

- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2017-11-02 | [Pound sterling (GBP) plunges against the dollar (USD) and euro (EUR) as Bank hikes interest rates](https://feedsoft.ai/events/68237-pound-sterling-gbp-plunges-against-the-dollar-usd-and-euro-eur-as-bank-hikes.md) | -0.2% | +2.5% |
| EURUSD | 2018-11-30 | [Euro Exchange Rate: Inflation Disappointment Threatens to Turn ECB Headache into a Migraine](https://feedsoft.ai/events/62239-euro-exchange-rate-inflation-disappointment-threatens-to-turn-ecb-headache-into.md) | +0.1% | -0.2% |
| EURUSD | 2023-02-02 | [Euro, sterling dip as investors assess rate outlook](https://feedsoft.ai/events/37536-euro-sterling-dip-as-investors-assess-rate-outlook.md) | -1.7% | -2.9% |
| EURUSD | 2018-12-14 | [ECB Meeting Produces The Good And The Bad For The Euro \| Exchange Rates UK](https://feedsoft.ai/events/61770-ecb-meeting-produces-the-good-and-the-bad-for-the-euro-exchange-rates-uk.md) | +0.7% | +0.4% |
| EURUSD | 2019-01-21 | [Euro Exchange Rates Run Out Of Steam, German PPI Misses, ECB In Focus](https://feedsoft.ai/events/61309-euro-exchange-rates-run-out-of-steam-german-ppi-misses-ecb-in-focus.md) | +0.7% | -0.3% |

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/24515/the-eur-rate-today-euro-exchange-rates-fall-as-disappointing-gdp-confirms-slow-growth-italian-technical-recession.html

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