EUR/USD Current price: 1.0703 German and EU Gross Domestic Product improved modestly in the first quarter of the year. United States Consumer Confidence is expected to have shrunk in April. EUR/USD maintains a neutral stance around the 1.0700 threshold as wait-and-see continues. The EUR/USD pair keeps trading within familiar levels around the 1.0700 mark as market players refrain from placing strong bets ahead of first-tier United States events.
8% MoM in March, much better than the February contraction. Also, the preliminary estimate of the Q1 Gross Domestic Product indicated a 0.2% annualized advance in the three months to March, better than 0.1% expected. Finally, the Eurozone Q1 GDP for the same period resulted at 0.3%, beating the 0.1% anticipated. Finally, the Harmonized Index of Consumer Prices held at 2.4% YoY in April.
Source: News Formal (newsformal.com)
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