Q3 2017 Eurozone flash GDP 31 October 2017
- Prior 0.6%. Revised to 0.7%
- 2.5% vs 2.4% exp y/y. Prior 2.3%
- EU28 states 0.6% vs 0.7% prior q/q
- 2.5% vs 2.4% prior y/y
Two reports moving in opposite directions. Lower inflation but better growth. Price wise, they probably cancel each other out but we might see the euro soften if traders side with the inflation numbers. EURUSD fell down to the recent lows at 1.1625 but trades back at 1.1630.