#industrial production

The post Euro reversal against British Pound nears 0.8650 after soft Eurozone data appeared on BitcoinEthereumNews.com. The Euro (EUR) is showing one of the weakest performances among the G8 currencies on Wednesday, and extends its reversal against the British Pound (GBP) to levels nearing 0.8650 at the time of writing, after failing at the 0.8700 area on Tuesday. The common currency has been weighed by uninspiring Eurozone Gross Domestic Product (GDP) and Industrial Production figures, while the Pound skips concerns about the UK’s political turmoil for now. The Eurozone’s Q1 GDP’s second estimation, released earlier on Wednesday, confirmed the advanced figures of a meagre 0.1% growth in the first three months of the year, down from 0.2% in the previous quarter. Year-on- year, the Eurozone economy grew at a  0.8% pace, according to the data, following a 1.3% upwardly revised growth in Q4. Beyond that, Eurozone Industrial Production figures have shown a 0.2% increase in March, undershoo

The post Euro extends losses below 1.1700 as Eurozone data disappoints  appeared on BitcoinEthereumNews.com. The Euro (EUR) extends losses against the Dollar (USD) for the second consecutive day on Wednesday, trading below 1.1700 at the time of writing after rejection at 1.1790 on Tuesday. Eurozone Gross Domestic Product (GDP) and, above all, Industrial Production figures have failed to meet expectations, increasing bearish pressure on the Euro. The second estimate of the Eurozone’s GDP confirmed that the economy grew at a meager 0.1% pace in the first three months of the year, and 0.8% in the previous 12 months, down from 0.2% and 1.2%, respectively, in Q4. Beyond that, Eurozone Industrial Production figures have shown a 0.2% growth in March, below the 0.3% market forecast, and February’s figures have been revised down to 0.2% from the previously estimated 0.4% rise. Year-on-year, factory output has accelerated its contraction, to -2.1% in March, from -0.8% in the previous month. The