GDP q/q (EUR) comes in at 0.4% against 0.2% consensus
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
Eurozone GDP q/q was reported at 0.4% for the latest period, exceeding the consensus expectation of 0.2%. The previous quarter’s figure was 0.1%. This print represents a 100.0% surprise against the consensus forecast.
Following the release, the Euro showed varied movements against major currencies over the first 15 minutes. EURAUD moved -6.0 pips, EURCAD moved +10 pips, EURCHF moved -2.2 pips, EURGBP moved -3.0 pips, EURJPY moved +0.3 pips, EURNZD moved -3.0 pips, and EURUSD moved +8.7 pips. These initial movements are generally small when compared to the median 1-hour moves observed after past releases, which include 9 pips for EURAUD, 7 pips for EURCAD, 5 pips for EURCHF, 5 pips for EURGBP, 7 pips for EURJPY, 8 pips for EURNZD, and 6 pips for EURUSD.