Commenting on the French Q2 GDP report, Finance Minister Bruno Le Maire said the latest GDP figures were not as bad as some had feared. Additional quotes “We can improve matters, regarding the economy.” “There are positive elements within the French economy.” “We must continue with radical measures to deal with the economic situation.” “We could do better than current forecast of 11% retraction for the French economy in 2020.” France’s INSEE official statistics agency reported preliminary Q2 GDP at -13.8% QoQ vs. -15.2% expected and -5.9% seen in Q1. Market reaction The shared currency pays little heed to the French and German macro news, as the EUR/USD pair remains at the mercy of the US dollar dynamics amid fiscal impasse and ahead of the US data. The spot , currently, trades at 1.1882, still up 0.30% on the day. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD is through the 1.1815/33 12-year resistance line and targets 1.2635 – Commerzbank FX Street 3 years Commenting on the French Q2 GDP report, Finance Minister Bruno Le Maire said the latest GDP figures were not as bad as some had feared. Additional quotes “We can improve matters, regarding the economy.” “There are positive elements within the French economy.” “We must continue with radical measures to deal with the economic situation.” “We could do better than current forecast of 11% retraction for the French economy in 2020.” France's INSEE official statistics agency reported preliminary Q2 GDP at -13.8% QoQ vs. -15.2% expected and -5.9% seen in Q1. Market reaction The shared currency pays little heed to the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
