The same growth repeats itself in the second half of the year: 0.3% q/q growth rate: not too hot nor too cold. However, year over year, the growth rate was somewhat below expectations: 2.1% instead of 2.3%, yet higher than 1.7% seen in Q3.
EUR/USD is ticking a bit higher around 1.1318.
In addition, Germany confirmed the drop of 0.8% in prices in January, inline with the initial publication. The Wholesale Prices Index did miss with a drop of 0.4% in January 2016, double the expectations.
In recent days, the euro certainly enjoys safe haven flows, which help the yen even more than the common currency. Later today we’ll get the GDP figures from Italy, followed by the full euro-zone data. Spain and France have already published their own data. In the US, retail sales and consumer confidence will be watched.
More: What Will It Take For EUR/USD To Fall? – SEB
Here is the current picture of EUR/USD. Support awaits at 1.1290 and resistance is at 1.1375 followed by 1.1460.
