# Eurozone set for fastest growth since 2007, says ECB

> The ECB raised its 2017 eurozone growth forecast to 2.2%, the fastest since 2007, while keeping rates and its bond-buying programme unchanged. It cut its inflation forecasts for 2018 and 2019 below the 2% target, partly due to the euro's 13% gain against the dollar.

- Date: 2017-09-07 · published 2017-09-07T12:00:00.000Z
- Category: macro · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/69157-eurozone-set-for-fastest-growth-since-2007-says-ecb
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Stronger EU growth supports feed demand, but the euro-driven inflation drag delays stimulus withdrawal, keeping the euro firm and the dollar weaker, which supports dollar-denominated commodity prices.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2017-03-09 | [ECB's Draghi says 'more optimistic' on the outlook for the eurozone - BBC News](https://feedsoft.ai/events/72199-ecb-s-draghi-says-more-optimistic-on-the-outlook-for-the-eurozone-bbc-news.md) | +0.8% | +1.1% |
| EURUSD | 2022-11-11 | [Dollar set for biggest two-day fall since 2009 as rate outlook shifts](https://feedsoft.ai/events/38843-dollar-set-for-biggest-two-day-fall-since-2009-as-rate-outlook-shifts.md) | +1.7% | +3.6% |
| EURUSD | 2025-07-01 | [Dollar lowest since 2021 against euro, gains on yen](https://feedsoft.ai/events/24469-dollar-lowest-since-2021-against-euro-gains-on-yen.md) | -0.5% | -2.0% |
| EURUSD | 2020-09-05 | [No cause yet for ECB alarm over euro strength](https://feedsoft.ai/events/51331-no-cause-yet-for-ecb-alarm-over-euro-strength.md) | +0.5% | -0.3% |
| EURUSD | 2025-10-01 | [Euro Heads for Highest in Four Years With $1.20 Level in Sight](https://feedsoft.ai/events/23100-euro-heads-for-highest-in-four-years-with-1-20-level-in-sight.md) | -0.5% | -0.6% |
| DXY | 2022-11-11 | [Dollar set for biggest two-day fall since 2009 as rate outlook shifts](https://feedsoft.ai/events/38843-dollar-set-for-biggest-two-day-fall-since-2009-as-rate-outlook-shifts.md) | -0.7% | -1.6% |
| DXY | 2021-04-28 | [Fed decision April 2021: Interest rates held near zero, sees faster growth](https://feedsoft.ai/events/47513-fed-decision-april-2021-interest-rates-held-near-zero-sees-faster-growth.md) | +0.3% | -1.0% |
| DXY | 2025-07-01 | [Dollar lowest since 2021 against euro, gains on yen](https://feedsoft.ai/events/24469-dollar-lowest-since-2021-against-euro-gains-on-yen.md) | +0.4% | +1.3% |

## Sources

- bbc.com: https://www.bbc.com/news/business-41186368

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