The Euro traded sideways against the US Dollar, following the German Prelim GDP data release on Friday at 08:00 GMT. The EUR/USD exchange currency rate lost 0 pips or 0.00% after the release. The Euro continued trading at the 1.0815 level against the Greenback after the release.
Destatis released the German Prelim GDP data, which came out in line with the expectations of negative 2.2%.
According to the official release: "The corona pandemic hits the German economy hard. Although the spread of the coronavirus did not have a major effect on the economic performance in January and February, the impact of the pandemic is serious for the 1st quarter of 2020. The gross domestic product (GDP) was down by 2.2% on the 4th quarter of 2019 upon price, seasonal and calendar adjustment."
| Date | 15.05.19 | 14.08.19 | 14.11.19 | 14.02.20 | 15.05.20 |
|---|---|---|---|---|---|
| Actual | 0.4% | -0.1% | 0.1% | 0.0% | -2.2% |
| Forecast | 0.4% | -0.1% | -0.1% | 0.1% | -2.2% |
| Pair | Open | Close | Change |
|---|---|---|---|
| EUR/CHF | 1.05183 | 1.05197 | 0.01% |
| EUR/GBP | 0.88558 | 0.88527 | -0.04% |
| EUR/JPY | 115.84300 | 115.856 | 0.01% |
| EUR/USD | 1.08165 | 1.08193 | 0.03% |
| Pair | Longs | Shorts |
|---|---|---|
| EUR/CHF | 70.8% | 29.2% |
| EUR/GBP | 27.6% | 72.4% |
| EUR/JPY | 56.4% | 43.6% |
| EUR/USD | 32.9% | 67.1% |
Economic calendar