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Germany has released its economic growth data (الناتج المحلي الإجمالي/GDP) which has influenced the movement of EURUSD in trading on Thursday (January 30, 2025). The GDP for the fourth quarter of 2024 was reported at -0.2% سنة بعد سنة (على أساس سنوي)، أقل من تنبؤ بالمناخ by Trading Central, which had predicted a 0.1% YoY increase.
Following this announcement, EURUSD dropped to around 1.04030.
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This data underscores the uneven economic conditions within the Eurozone, where Germany is experiencing a slowdown in growth. Unfortunately, as the largest economy in Europe, any decline in Germany’s growth is likely to have a negative ripple effect on other countries.
The release has bolstered expectations that the European Central Bank (ECB) could lower interest rates later tonight. Additionally, there is a possibility that the ECB may adopt a مسالم stance, indicating further interest rate cuts, which could exert downward pressure on EURUSD.