# Europe’s economic recovery: challenges and opportunities for the banking sector

> ECB Executive Board member Peter Praet, speaking in Sofia, said unconventional measures have ended deflation risks and the euro-area recovery is broadening. Real GDP grew 1.7% year-on-year in Q1 2017, above potential growth of about 1%.

- Date: 2017-05-24 · published 2017-05-24T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/71215-europe-s-economic-recovery-challenges-and-opportunities-for-the-banking-sector
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Strengthening euro-area growth supports the case for eventual ECB tightening, which tends to firm the euro and soften the dollar, a modest tailwind for dollar-priced commodities.

## Read by commodity

- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2017-05-23 | [Economic prospects to maintain support for the euro \| Capital Economics](https://feedsoft.ai/events/71210-economic-prospects-to-maintain-support-for-the-euro-capital-economics.md) | -0.5% | -1.0% |
| EURUSD | 2020-08-28 | [Euro (EUR USD) Revives Global Challenge for the Dollar’s Currency Crown - Bloomberg](https://feedsoft.ai/events/51823-euro-eur-usd-revives-global-challenge-for-the-dollar-s-currency-crown-bloomberg.md) | +0.1% | -1.7% |
| EURUSD | 2022-05-23 | [Euro scales three-week high on Chinese recovery hopes](https://feedsoft.ai/events/12693-euro-scales-three-week-high-on-chinese-recovery-hopes.md) | +1.4% | -0.1% |
| EURUSD | 2022-02-19 | [End of European Central Bank’s reign as dovish bastion likely to spark rebound for euro \| The National](https://feedsoft.ai/events/42902-end-of-european-central-bank-s-reign-as-dovish-bastion-likely-to-spark-rebound.md) | -0.9% | -2.5% |
| EURUSD | 2020-05-26 | [Euro’s Comeback Rests on EU Leaders Agreeing on a Recovery Fund By Bloomberg](https://feedsoft.ai/events/53354-euro-s-comeback-rests-on-eu-leaders-agreeing-on-a-recovery-fund-by-bloomberg.md) | +2.1% | +3.4% |

## Sources

- ecb.europa.eu: https://www.ecb.europa.eu/press/key/date/2017/html/ecb.sp170524.et.html

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