Will the GDP growth strengthen the EUR?

Will the GDP growth strengthen the EUR?

The Euro Area will publish the GDP growth on Tuesday, at 12:00 MT time.

Instruments to trade: EUR/USD, EUR/JPY, EUR/CHF

This is the leading indicator of the economic activity of a region. As it measures the value of all products and services produced by an economy, it plays a significant role in the assessment of economic activity. A higher GDP indicates good conditions of the economy and increases the investment attractiveness of domestic currency. After the rise of 0.1% in the previous period, analysts expect the GDP growth to fall by -3.8% in the first quarter.

  • If the actual level of GDP is higher than the forecasts, the EUR will rise;
  • If the actual level of GDP is lower than the forecasts, the EUR will fall.

Check the economic calendar

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