Thursday, 30 July 2020

German Quarterly GDP Falls at The Fastest Rate in 50 Years, EUR/USD Little Changed

The German economy contracted by just over 10% in the second quarter according to preliminary data released this morning, missing already pessimistic forecasts.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...