# Loonie Falls Sharply on GDP Miss; Pound Boosted on Barnier; Eurozone Readings Mixed - ActionForex

> Preliminary third-quarter eurozone GDP grew 0.6% q/q, above expectations, while October flash inflation eased to 1.4% y/y. Canadian GDP unexpectedly contracted, sending the loonie lower, and the dollar gained on upbeat US consumer confidence.

- Date: 2017-10-31 · published 2017-10-31T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/68712-loonie-falls-sharply-on-gdp-miss-pound-boosted-on-barnier-eurozone-readings
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Divergent growth and currency moves shift relative export competitiveness across major currencies, affecting dollar-denominated feed and grain prices. The effect on agricultural prices is indirect.

## Read by commodity

- DXY: bullish ▲
- EURUSD: neutral
- USDCAD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2023-07-31 | [Euro shrugs as eurozone GDP, core CPI accelerate \| MarketPulse by OANDA Group](https://feedsoft.ai/events/35246-euro-shrugs-as-eurozone-gdp-core-cpi-accelerate-marketpulse-by-oanda-group.md) | -0.0% | -2.3% |
| EURUSD | 2020-04-30 | [Pound-Dollar Protected By Dovish FED, Focus For Sterling-Euro Rate Outlook On ECB And UK Lockdown \| Exchange Rates UK](https://feedsoft.ai/events/53871-pound-dollar-protected-by-dovish-fed-focus-for-sterling-euro-rate-outlook-on.md) | -0.4% | +2.0% |
| EURUSD | 2024-08-30 | [FX Daily: US and eurozone inflation in focus \| articles \| ING THINK](https://feedsoft.ai/events/29011-fx-daily-us-and-eurozone-inflation-in-focus-articles-ing-think.md) | 0.0% | +0.7% |
| EURUSD | 2026-09-30 | [Euro heads for biggest monthly loss of 2026: What are the reasons?](https://feedsoft.ai/events/17695-euro-heads-for-biggest-monthly-loss-of-2026-what-are-the-reasons.md) | -0.7% | -1.7% |
| EURUSD | 2017-04-27 | [Eurozone recovery gathering pace, says Draghi - BBC News](https://feedsoft.ai/events/71690-eurozone-recovery-gathering-pace-says-draghi-bbc-news.md) | +0.4% | +2.8% |
| DXY | 2018-05-01 | [Dollar Resuming Recent Rally, Sterling Tumbles after PMI, Canadian Up on GDP - ActionForex](https://feedsoft.ai/events/65260-dollar-resuming-recent-rally-sterling-tumbles-after-pmi-canadian-up-on-gdp.md) | +1.1% | +2.6% |
| DXY | 2023-03-15 | [Pound falls vs dollar, rises vs euro on bank woes](https://feedsoft.ai/events/10080-pound-falls-vs-dollar-rises-vs-euro-on-bank-woes.md) | -0.1% | -1.2% |
| DXY | 2025-09-18 | [Pound and gilts fall after shrugging off BoE balancing act](https://feedsoft.ai/events/23144-pound-and-gilts-fall-after-shrugging-off-boe-balancing-act.md) | +0.8% | +1.3% |

## Sources

- actionforex.com: https://www.actionforex.com/contributors/fundamental-analysis/53956-loonie-falls-sharply-on-gdp-miss-pound-boosted-on-barnier-eurozone-readings-mixed/

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