Currency Coach
  • Currency News
  • Currency Services
  • Broker
  • Foreign Exchange
    • Transfer Money
      • Transfer Now
  • EUR/USD
  • Forex trading
  • Forex Factory
No Result
View All Result
  • Currency News
  • Currency Services
  • Broker
  • Foreign Exchange
    • Transfer Money
      • Transfer Now
  • EUR/USD
  • Forex trading
  • Forex Factory
No Result
View All Result
Currency Coach
No Result
View All Result
Home EUR/USD

Eurozone Final GDP revised up to -11.8% QoQ in Q2 vs. -12.1% exp, EUR/USD unfazed

currencycoach by currencycoach
September 8, 2020
in EUR/USD
0
Eurozone Final GDP revised up to -11.8% QoQ in Q2 vs. -12.1% exp, EUR/USD unfazed
0
SHARES
44
VIEWS
Share on FacebookShare on Twitter


  • Eurozone GDP (QoQ) (Q2):  -11.8% actual vs -12.1% expected.
  • Bloc’s GDP (YoY) (Q2): -14.7% actual vs. -15% expected.
  • EUR/USD unmoved on data, as the dollar demand dominates.

Eurozone economy contracted less-than-expected in the second quarter, the third estimate released by Eurostat showed on Tuesday.

The bloc’s quarterly reading came in at -11.8%, beating expectation of -12.1% and -12.1% reported in the preliminary reading. The annualized figure arrived at -14.7% vs. -15% expected and -15% last.

Meanwhile, the number of employed persons in the Eurozone decreased by 2.9% QoQ in Q2 vs. -2.8% expected and -2.8% previous.

About Eurozone GDP

The Gross Domestic Product released by the Eurostat is a measure of the total value of all goods and services produced by the Eurozone. The GDP is considered as a broad measure of the Eurozone economic activity and health. Usually, a rising trend has a positive effect on the EUR, while a falling trend is seen as negative (or bearish).

FX implications

The shared currency remains little impressed by the upward revision to the Eurozone Q2 GDP figure, as EUR/USD posts minor losses above 1.1800 level.

At the press time, EUR/USD drops 0.08% to trade at 1.1807.



Source link

Tags: EurozoneEURUSDexpFinalGDPQoQrevisedunfazed
currencycoach

currencycoach

Related Posts

US and EU break impasse to enable tariff talks – Forex Factory
EUR/USD

US Dollar Price Forecast: Bears in Control as FOMC Statement Looms – GBP/USD and EUR/USD – FXEmpire

June 16, 2025
US and EU break impasse to enable tariff talks – Forex Factory
EUR/USD

Dutch pick Olaf Sleijpen as new central bank president – marketscreener.com

June 13, 2025
Mastering How to Trade in Forex Trading – Forex Factory
EUR/USD

EUR/USD advances to 1.1530, highest since April 22 amid sustained USD selling – FXStreet

June 12, 2025

Category

  • Broker
  • Currency News
  • Currency Services
  • EUR/USD
  • Foreign Exchange
  • Forex Factory
  • Forex trading
  • Transfer Money

#ad

Recent News

Mastering How to Trade in Forex Trading – Forex Factory

Investec launches multi-currency account for globally connected citizens – Moneyweb

June 16, 2025
US and EU break impasse to enable tariff talks – Forex Factory

Chisinau Airport puts currency exchange spaces up for auction – ipn.md

June 16, 2025
US and EU break impasse to enable tariff talks – Forex Factory

US Dollar Price Forecast: Bears in Control as FOMC Statement Looms – GBP/USD and EUR/USD – FXEmpire

June 16, 2025
  • Privacy & Policy
  • About Us
  • Contact Us

© 2024 Currency Coach

No Result
View All Result
  • Currency News
  • Currency Services
  • Broker
  • Foreign Exchange
    • Transfer Money
      • Transfer Now
  • EUR/USD
  • Forex trading
  • Forex Factory

© 2024 Currency Coach

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.