Two key pieces of data from the Spanish economy were released this morning at 8:00 am BST - GDP report for Q2 2023 and CPI inflation report for July. While GDP data came in-line with estimates and showed a 0.4% QoQ expansion, CPI data turned out to be a surprise. While Spanish headline CPI was expected to slow from 1.9% to 1.6% YoY, it has accelerated to 2.3% YoY instead.
EUR gained on the news with EURUSD moving around 0.1-0.2% in a knee-jerk move. European equities ticked lower but market reaction in this case could be distorted by opening of the European cash session.
เริ่มเทรดทันทีวันนี้ หรือ ลองใช้บัญชีทดลองแบบไร้ความเสี่ยง
เปิดบัญชี ลองบัญชีเดโม่ ดาวน์โหลดแอปมือถือ ดาวน์โหลดแอปมือถือData from Spain
- Q2 GDP report: 0.4% QoQ vs 0.4% QoQ expected (0.6% QoQ previously)
- CPI inflation for July: 2.3% YoY vs 1.6% YoY expected (1.9% YoY previously)
EURUSD moved higher following beat in Spanish CPI data but scale of the move was minimal. Source: xStation5
