# 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.

- Date: 2026-11-02 · published 2026-11-03T00:08:53.588Z
- Category: macro · region EU · magnitude low
- Page: https://feedsoft.ai/events/76408-euro-rises-0-38-in-ecb-reference-quote-as-euro-area-quarterly-growth-slows
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## 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.

## Read by commodity

- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2017-11-14 | [Euro rises on strong economic growth in Germany](https://feedsoft.ai/events/68187-euro-rises-on-strong-economic-growth-in-germany.md) | +0.7% | +0.6% |
| EURUSD | 2022-03-08 | [Euro rises from 22-month lows as Ukraine crisis grips](https://feedsoft.ai/events/9524-euro-rises-from-22-month-lows-as-ukraine-crisis-grips.md) | +1.1% | +1.2% |
| EURUSD | 2018-09-24 | [Euro rises sharply as ECB's Draghi views tighter labor market](https://feedsoft.ai/events/63251-euro-rises-sharply-as-ecb-s-draghi-views-tighter-labor-market.md) | -1.0% | -2.3% |
| EURUSD | 2020-06-04 | [Euro jumps as ECB increases stimulus - Business & Finance - Business Recorder](https://feedsoft.ai/events/52843-euro-jumps-as-ecb-increases-stimulus-business-and-finance-business-recorder.md) | +1.0% | +0.1% |
| EURUSD | 2026-04-30 | [Euro Rises to $1.17 as ECB Leaves Options Open](https://feedsoft.ai/events/19942-euro-rises-to-1-17-as-ecb-leaves-options-open.md) | +0.5% | -0.4% |

## Sources

- fxnews.ai: https://fxnews.ai/news/euro-rebounds-to-1-1172-in-ecb-reference-rate-despite-slower-third-quarter-growth/

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