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BREAKING: German GDP weaker than expected. EURUSD reacts

10:01 AM 30 January 2025

German GDP QoQ Flash Actual -0.2% (Forecast -0.1%, Previous 0.1%)

  • YoY GDP fell by -0.4% vs -0.3% exp. and 0.1% previously (non-seasonally adjusted)
  • YoY GDP fell by -0.2% vs 0% exp. and -0.3% previously (seasonally adjusted)

EURUSD fell to 1.0416 after weaker than expected Germany macro reading, signalling prelonged slowdown of the major, European economy.

 

Source: xStation5

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