The advanced 2Q GDP reading for the Euro-Zone could weigh on the exchange rate as economists forecast the growth rate to contract 0.5% from the first quarter, and fears of a slower recovery could hamper the outlook for future policy as the European Central Bank anticipates price pressures to remain subdued throughout the second-half of the year.
Trading the News: Euro-Zone Gross Domestic Product
What’s Expected
Time of release: 08/13/2009 9:00 GMT, 05:00 EST
Primary Pair Impact : EURUSD
Expected: -0.5%
Previous: -2.5%
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