Search ForexCrunch

Analysts at TD Securities point out that this morning’s EZ data was generally stronger than expected.

Key Quotes

“The first estimate of German GDP growth came in at 0.5% q/q in Q2, a tenth higher than consensus (Q1 was also revised a tenth higher to 0.4%), leading the second print of EZ Q2 growth to be unexpectedly revised higher to 0.4%.”

“Germany’s ZEW survey for August was also better than expected, with the current situation rising from 72.4 to 72.6 (mkt 72.1), and expectations from -24.7 to -13.7 (mkt -21.3). ZEW said that the recent trade agreement between the US and the EU had lifted investor sentiment significantly.”