German flash Q2 GDP rises 0.2% QoQ, beats 0.1% estimates
German preliminary Q2 Gross Domestic Product (GDP) rises at a 0.2%, beats the estimates of 0.1%, according to the Federal Statistics Office of Germany. However, the GDP growth remains slower than the previous reading of 0.3%. On an annualized basis, the German GDP growth arrives at 0.9%, higher than 0.6% estimates and the prior release of 0.4%.
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1Japan PM Takaichi: Will avoid debt issuance to ensure market trust 2Federal Reserve: Dollar awaits clearer policy signals - Societe Generale3Euro rebounds strongly against Yen after German, Eurozone Q2 GDP data4Canadian Dollar edges lower amid rebounding USD as traders await key US macro data5Eurozone GDP returns to growth in Q2, rises strongly by 0.4%6US Dollar: Fed reaction function clouds dollar outlook – MUFG7BoE interest rate expected to remain unchanged at 3.75% as markets look for policy clues8Swiss Franc: Undervaluation supports APAC recovery trades – BNY9GBP/USD Price Forecast: Keeps the red near 1.3350 as traders await BoE rate decision
