Growth In Europe

Published 05/13/2015, 11:09 AM
Updated 05/14/2017, 06:45 AM

Eurozone GDP figures for Q1 of 2015 were released during the night. We learned that the EU economy grew by 0.4%, a slight improvement compared to the 0.3% recorded in Q4 of 2014. While the progress is meagre at best in absolute terms, it nevertheless represents encouraging signs for the economic recovery. Also, for once Germany is not the leader of the pack, as France pulled ahead with a 0.7% growth rate in its economy while Germany underwhelmed with a 1.1% reading. Greece, for its part, slipped into a recession again! We will have some economic indicators from North America this morning at 8:30 a.m.: Retail Sales data from the U.S. and the Teranet/National Bank HPI for Canada. This could represent an opportunity for the CAD to approach once again the support levels established in the past two weeks.

Have a good day! Xavier Villemaire

  • Range of the day: 1.1940 - 1.2060

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