Euro area annual GDP expands by 1% in Q4 vs. 0.9% expected


  • Annual GDP growth in the euro area ticked up to 1% in Q4. 
  • EUR/USD continues to trade deep in red following Monday's rally.

Seasonally adjusted Gross Domestic Product in the euro area expanded by 0.1% on a quarterly basis in the fourth quarter as expected and lifted the annual growth rate to 1% from 0.9%, the data published by the Eurostat showed on Tuesday. 

"For the year 2019 as a whole, GDP grew by 1.2% in the euro area and by 1.5% in the EU27, after +1.9% and +2.1% respectively in 2018," the Eurostat further added in its publication.

Other data revealed that the Employment Change was up 0.3% in the same period as anticipated.

EUR/USD reaction

The EUR/USD pair largely ignored these data and was last seen trading at 1.1350, erasing 0.85% on a daily basis.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Latest Forex News


Latest Forex News

Editors’ Picks

AUD/USD: Risk-on mood, upbeat second-tier Aussie data back bulls attacking 0.7700

AUD/USD takes the bids to refresh intraday high after Monday’s downbeat performance. The aussie pair recently benefited from upbeat data at home and risk-on mood as Tokyo opens. Incoming Treasury Secretary Janet Yellen’s indirect support to Biden’s stimulus favor the risk-takers.

AUD/USD News

EUR/USD:Falling wedge on 4H tests bearish impulse below 1.2100

EUR/USD portrays choppy trading moves between 1.2075 and 1.2080 during Tuesday’s Asian session. Bullish chart pattern, recovering MACD keep buyers hopeful. Early February lows, 61.8% Fibonacci retracement add to the downside filters.

EUR/USD News

Gold: All eyes on the greenback and US yields

Gold prices are attempting to recover as te DXY stalls in its bullish correction. The dollar could still be a catalyst for a deeper positioning squeeze in the yellow metal. The US dollar strengthened for a third consecutive day on Monday.

Gold news

BTC/USD: Its a make or break at 36170

BTC/USD is trending up again in the 30 minutes time frame; the price structure has changed since the weekend selloff with higher highs and higher lows. Prices fell below the crucial point at 36170 in yesterday's session but bounced back.

Read more

US Dollar Index: Immediately to the upside comes 91.00

DXY extends the march north and already trades at shouting distance from the 91.00 barrier, or new 2021 highs.

US Dollar Index News

Forex MAJORS

Cryptocurrencies

Signatures