News Column

Euro Mixed Ahead Of German GDP Data

August 31, 2014



BRUSSELS (Alliance News) - At 2:00 am ET Monday, German statistical office Destatis will release its final GDP data for the second quarter. GDP is expected to grow 1.2% year-over-year in the second quarter, confirming flash estimates.

Ahead of the data, the euro showed mixed trading against its major rivals. While the euro declined against the pound, it held steady against the rest of major rivals.

As of 1:55 am ET, the euro was trading at 0.7906 against the pound, 1.2064 against the Swiss franc, 1.3127 against the greenback and 136.76 against the yen.



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Source: Alliance News


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