Wednesday, 7 October 2009

Gross Domestic Product (GDP) turned out to be negative for EUR.

The Euro lost rising levels after the GDP data was released today. The last release of the (GDP) shrank the European economy by only 0.1%, better than expectations. It was expected today that number to be confirmed.
However, this time the number was 0.2%, which did not boost the EUR. The currency even lost rising after the data was released.