German GDP grows by 0.6% in Q1 2017 as expected

The German economy was expected to grow at a robust rate of 0.6% in Q1 2017, following 0.4% in Q4 2016. Growth data has already been released for the wider euro-zone, and it stood at 0.5%. The numbers from the continent’s largest economy will significantly shape the final data.

EUR/USD was trading steadily at 1.0870. After Macron’s ascendancy to the French presidency, the common currency “sold the fact[1]” and lost ground. However, it stayed shy of the big gap that followed the first round of the elections.

Top-tier is released later by the US: retail sales, CPI, and consumer sentiment.

More: EUR/USD: ‘Confident’ EUR Has Bottomed Out; En-Route To 1.14[2] – BTMU

Get the 5 most predictable currency pairs[3]

from Forex Crunch

from Online Forex Trading Resource
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