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Daily market commentary: The euro is up



Daily Market analysis

ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for November 14, 2019. This is not a trading advice. See details below:


FOREX

The euro is up by over 0.15% against the US dollar following the publication of Germany’s Q3 GDP data, which showed quarter-on-quarter growth of 0.1%. This is good news for the single currency.

The markets were braced for bad news, as many investors expected the figures to show a contraction of the German economy for the second quarter in a row, which would have meant that technically the country would be in a recession.

Today’s euro gains reflect the pricing-in of a little more optimism about the short to medium term outlook for the area’s largest economy.

Ricardo Evangelista – Senior Analyst, ActivTrades

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Daily market commentary: The euro is up

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