The second largest economy in the euro-zone grew more than expected: 0.6% q/q.
EUR/USD seems to be waiting for the German GDP.
Update; Germany reported a growth rate of 0.3%
France, Europe’s second largest economy, was expected to report a growth rate of 0.4% q/q, up from a mere 0.1% in Q4 2014.
EUR/USD was trading around 1.1250, in a high range, before the publication.
This is the first in a series of GDP releases: Germany, the continent’s largest economy, publishes its numbers at 6:00 GMT. This is followed by Italy at 8:00 and the whole euro-zone at 9:00.
More:5 Waves Now In Place In EUR/USD – Goldman Sachs
