No surprises from France: the economy grows a minimal 0.1% in Q4. Year over year, a growth rate of 0.2% is reported, and this is somewhat weaker than expected.
EUR/USD continues trading on high ground.
Update: German GDP grew 0.7% in Q4 – much better than expected
France, Europe’s second largest economy, was expected to report a growth rate of 0.1% in its output for the fourth quarter of 2014, following 0.3% in Q3. Year over year, France grew by 0.4% in Q3.
EUR/USD traded higher towards the publication, at 1.1430. The pair made a nice break above 1.14 as the USD sold off following the very disappointing retail sales numbers.
A weaker euro during the the last quarter may have contributed to stronger growth. Data coming out of the euro-zone of late shows strengthening confidence among businesses and consumers.
We will soon hear from the largest economy: Germany.
See how to trade the German GDP with EUR/USD.
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