EUR/USD grips gains on robust Eurozone GDP growth, await US data
EUR/USD holds up near 1.0850 in Thursday’s European session following Wednesday’s sharp recovery.
EUR/GBP edges lower toward 0.8350 ahead of Eurozone HICP inflation data
EUR/GBP trades slightly lower during early European hours on Thursday near 0.8360, following strong gains in the previous session.
Euro zone inflation rises to higher-than-expected 2%, weakening case for jumbo rate cut
The fresh inflation print is seen as crucial in judging whether the European Central Bank could consider a half-percentage-point interest rate cut.
CEE: Region remains under pressure – ING
Yesterday's GDP data for the third quarter disappointed, especially in Hungary, confirming a return to technical recession, but the data in the Czech Republic was also slightly weaker, below central bank expectations, ING’s FX analyst Frantisek Taborsky notes.
Switzerland is now flirting with deflation, causing a dilemma for its central bank
Switzerland could be at risk of slipping into deflationary territory next year as a stronger Swiss franc dogs policymakers' efforts to get a handle on prices.
French Inflation Stays Below ECB's 2% Goal for Second Month
(Bloomberg) — French inflation came in below the European Central Bank’s 2% target for the second consecutive month, boosting the case for policymakers to quicken the pace of interest-rate cuts.
Germany: Underlying inflation stubbornly high – Commerzbank
After two significant declines, German inflation rate rose again in October, from 1.6% to 2.0%.
Germany's inflation surges to 2.4% as it narrowly skirts a technical recession
Germany's inflation surged to 2.4% in October, back above the European Central Bank's 2% target, even as the country narrowly avoided a technical recession in the third quarter.
EUR/USD: Can’t hold gains – Scotiabank
The Pound Sterling (GDP) data reports for Q3 from France, Spain and Germany all beat expectations, lifting preliminary Eurozone growth to 0.4% in the quarter, double expectations, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
Germany Avoids Recession, but Weak Growth Weighs on Europe
The continent’s economy continued to limp along, expanding just 0.4 percent in the latest quarter, dragged down by a loss of competitiveness.
The eurozone economy is not dead (yet) – POLITICO
The Paris Olympics, sustained “revenge spending” on tourism and surprising strength in German domestic demand help offset a slump in manufacturing.
Eurozone GDP surprises on the upside
Eurozone economic growth accelerated in the third quarter, official data showed on Wednesday, beating expectations.
Eurozone economy grows faster than expected
The eurozone economy grew more than expected in the third quarter, official data showed Wednesday, thanks to Germany which defied expectations and dodged a recession. The figures will offer some relief, coming a month after Eurostat revised its data to show the eurozone grew by only 0.2 percent in the second quarter of this year.
Eurozone economy grows faster than expected
The eurozone economy grew more than expected in the third quarter, official data showed Wednesday, thanks to Germany which defied expectations and dodged a recession. The figures will offer some relief, coming a month after Eurostat revised its data to show the eurozone grew by only 0.2 percent in the second quarter of this year.
Euro zone growth hits two-year high of 0.4%, beating expectations
Economists polled by Reuters expected 0.2% growth following the bloc's 0.3% expansion in the second quarter.
German economy unexpectedly expands in Q3
The German economy unexpectedly expanded in the third quarter, avoiding a technical recession, according to figures released by Destatis on Wednesday.
Czech Economy Grows Less Than Expected as Exports Remain Weak
(Bloomberg) — The Czech economy expanded less than expected in the third quarter as household consumption continued to recover but exports to key markets, most notably Germany, remained weak.
EUR/USD depreciates to near 1.0800 ahead of GDP data from Eurozone, Germany
EUR/USD loses ground after two days of gains, trading around 1.0810 during the Asian hours on Wednesday.
last updated on 31 Oct 11:27