Eurozone GDP data
- Eurozone GDP (y/y), actual 2.5%, forecast 2.5%.
- Eurozone GDP (q/q), actual 0.4%, forecast 0.4%.
Expectations for GDP growth in the eurozone fully coincided with the forecast, thus having a restrained influence on the market and the euro. Also worth noting is the actual slowdown in the growth of the GDP in the EU this year, which remains not a critical but very negative signal.
Graph of GDP in the EU
The euro didn’t react to this statistics, but growth slowed down in correction of the positions before these news. There are no reasons still for the resumption of purchases of the euro, as evidenced by a decrease in optimism in the European stock markets, which may strengthen the technical correction for the euro in the end .
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EUR / USD Graph. The current price is 1.1820.
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Hanzenko Anton