EUR/USD: US Final GDP

The European Common Currency traded sideways against the US Dollar, following the US Final GDP data release on Thursday at 12:30 GMT. The EUR/USD exchange currency rate lost 3 pips or 0.03% right after the release. The Euro continued trading at the 1.1372 level against the Greenback.

Bureau of Economic Analysis released the US Final GDP data, which came out in line with expectations of 3.1%.

According to the official release: "The first-quarter percent change in real GDP was the same as previously estimated, reflecting upward revisions to nonresidential fixed investment, exports, state and local government spending, and residential fixed investment that were offset by downward revisions to PCE and inventory investment, and an upward revision to imports."