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Euro Bruised By Bad GDP Data

posted by Avatar fx360 1107 days ago in EUR, Daily, GDP made popular 1107 days ago

Both German and French GDP data missed expectations with German results printing especially grim, as the EUR/USD fell through the 1.3600 level in early European trade. The German GDP came in at -3.8% vs. 3.% forecast – the bleakest reading in the post war era as business activity in EZ’s largest economy came to a virtual halt in Q1 of 2009.
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