Eurozone GDP data

• GDP (y/y) (Q2), fact 1.2%, forecast 1.1%.
• GDP (q/q) (Q2), fact 0.2%, forecast 0.2%.

Preliminary data on eurozone GDP showed a less rapid slowdown in the eurozone economy. This can be regarded as a decrease in slowing, since this indicator is preliminary. In fact, it did not affect the dynamics of the single currency.

Fig. 1. Eurozone GDP (y/y) chart

The single currency continues to restraint against the basket of competitors, remaining under the pressure of correction after growth. The EUR/USD pair is trading on Thursday, under the pressure of correction, limited to the trading range from 1.1050-60 to 1.1010-00.

Fig. 2.  EUR/USD chart. Current price – 1.1030

Read also: “Expectations from the USD/JPY pair for the end of April – early May”

Hanzenko Anton

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