◂ Event Timeline

Nov 2, 2026MACROEU

Euro rises 0.38% in ECB reference quote as euro-area quarterly growth slows

The ECB's euro reference rate rose to $1.1172 on October 30 from $1.1130 the previous day. Eurostat's flash estimate showed euro-area Q3 GDP growth slowed to 0.4% quarter-on-quarter from 0.6% in Q2.

WHY IT MATTERS

Slowing euro-area growth and a modestly firmer euro have little direct bearing on feed commodity demand or prices, though weaker European activity can weigh on meat and feed demand over time.

AFFECTSEURUSD▲

SOURCE
fxnews.aiFXNews News DeskNov 2, 2026

Price reaction & history

EURUSD▲bullish

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

Nov 14, 2017Euro rises on strong economic growth in Germany+0.7%
Mar 8, 2022Euro rises from 22-month lows as Ukraine crisis grips+1.1%
Sep 24, 2018Euro rises sharply as ECB's Draghi views tighter labor market-1.0%
Jun 4, 2020Euro jumps as ECB increases stimulus - Business & Finance - Business Recorder+1.0%
Apr 30, 2026Euro Rises to $1.17 as ECB Leaves Options Open+0.5%

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.

EURUSD · GP ▸

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