Eurozone Preliminary GDP rises 0.3% QoQ in Q2, second estimate confirms
The Eurozone economy grew by 0..3% in the three months to June of 2024, the second estimate released by Eurostat showed on Wednesday.
The first readout showed that GDP in the old continent expanded by 0.3% in the same period.
The bloc’s GDP rose at an annual rate of 0.6% in Q2 vs. 0.6%, as reported in the initial estimate while aligning with the market expectations.
Meanwhile, the Eurozone Employment Change for Q2 arrived at 0.2% QoQ and 0.8% YoY.
Further, Industrial Production for the 26 nations union in June dropped by 0.1% MoM and 3.9% YoY.
EUR/USD reaction to the Eurozone data
EUR/USD is holding higher ground on the mixed Eurozone data and was last seen trading at 1.1022, up 0.26% on the day.
Euro PRICE Today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the New Zealand Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.26% | 0.16% | 0.19% | 0.01% | -0.04% | 1.11% | -0.31% | |
| EUR | 0.26% | 0.41% | 0.44% | 0.25% | 0.27% | 1.35% | -0.05% | |
| GBP | -0.16% | -0.41% | 0.04% | -0.14% | -0.15% | 0.94% | -0.43% | |
| JPY | -0.19% | -0.44% | -0.04% | -0.17% | -0.20% | 0.90% | -0.45% | |
| CAD | -0.01% | -0.25% | 0.14% | 0.17% | -0.03% | 1.08% | -0.28% | |
| AUD | 0.04% | -0.27% | 0.15% | 0.20% | 0.03% | 1.08% | -0.30% | |
| NZD | -1.11% | -1.35% | -0.94% | -0.90% | -1.08% | -1.08% | -1.35% | |
| CHF | 0.31% | 0.05% | 0.43% | 0.45% | 0.28% | 0.30% | 1.35% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).
Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
