Q1 GDP Eurozone came in line with expectations YoY at 0.4% vs 0.4% in the first reading and 0.4% previously
- Q1 Eurozone GDP was also flat at 0.3% MoM vs 0.3% in the first reading and 0.3% previously
- Also Eurozone employment came in line with 0.3% previous reading
- Eurozone Q1 Compensation per employee rose unexpectedly at 5.1% YoY vs 4.6% previously
In general data came in line with expectations, but higher wages make the reading quite hawkish. Despite to that, EURUSD didn't react very much and is still traded much below 1.09 resistance zone.
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Source: xStation5
