Germany, Europe’s largest economy probably contracted by 3% in the January to March period, the latest forecasts published by Germany’s economic institute DIW showed on Wednesday. Key quotes “Sees Q1 German GDP down 3% QoQ.” “Sees Q4 German GDP unchanged QoQ.” “Lockdown measures are gradually impacting the industry as well.” Market reaction EUR/USD remains under heavy selling pressure near-daily lows of 1.2120 after the ECB policymaker Klaas Knot said that the ECB is prepared to counter the appreciation of the euro. The spot quickly eroded over 30-pips on his comments, having faced rejection at 1.2150. 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/GBP dives to fresh multi-month lows after ECB Knot’s comments on euro FX Street 1 year Germany, Europe’s largest economy probably contracted by 3% in the January to March period, the latest forecasts published by Germany’s economic institute DIW showed on Wednesday. Key quotes “Sees Q1 German GDP down 3% QoQ.” “Sees Q4 German GDP unchanged QoQ.” “Lockdown measures are gradually impacting the industry as well.” Market reaction EUR/USD remains under heavy selling pressure near-daily lows of 1.2120 after the ECB policymaker Klaas Knot said that the ECB is prepared to counter the appreciation of the euro. The spot quickly eroded over 30-pips on his comments, having faced rejection at 1.2150. 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.
