Euro falls after disappointing German Q3 GDP

November 13, 2015

Article by ForexTime

The euro was weighed down after disappointing GDP growth figures out of Germany and Italy. EUR/USD traded down to as low as 1.0752 in early morning European session trading.

Germany is the largest Eurozone economy as is seen as the engine of growth in the euro area. German third quarter GDP growth slowed due to foreign trade being a drag on the economy as its reliance on exports exposes it to a slowdown in emerging markets.

GDP grew 0.3 percent on the quarter, in line with the consensus forecast, after expanding 0.4 percent in the prior three months.

Italy’s economy expanded at a slower pace than forecast in the third quarter, signaling difficulties in returning to sustainable growth.

Gross domestic product expanded 0.2 percent in the three months through September. This was below the 0.3 percent estimate. GDP rose 0.9 percent from a year earlier, the report said.


Free Reports:

Get Our Free Metatrader 4 Indicators - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter





Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.





 


Forex-Time-LogoArticle by ForexTime

ForexTime Ltd (FXTM) is an award winning international online forex broker regulated by CySEC 185/12 www.forextime.com