German GDP numbers for the first quarter were in line with the first estimates. leaving the EUR in the hands of consumer sentiment, which disappointed.
It was a busier Eurozone economic calendar, with stats including German consumer confidence and second estimate GDP numbers for the first quarter.
For June, the GfK Consumer Climate Index rose from -26.6 to -26.0.
According to the May report,
In the First quarter, the German economy expanded by 0.2% on the previous quarter.
According to Destatis,
Ahead of today’s numbers, the EUR rose to a pre-stat and a current-day high of $1.07390.
In response to today’s stats, the EUR fell to a post-stat and a current-day low of $1.06816.
At the time of writing, the EUR was down by 0.40% to $1.06881.
ECB President Christine Lagarde is due to speak ahead of the ECB’s Financial Stability Report. Later in the day, durable and cure durable goods orders from the US will also draw interest.
With over 20 years of experience in the finance industry, Bob has been managing regional teams across Europe and Asia and focusing on analytics across both corporate and financial institutions. Currently he is covering developments relating to the financial markets, including currencies, commodities, alternative asset classes, and global equities.