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Eurostat's flash estimate showed euro zone GDP was flat in Q4 2024, below the expected 0.1% growth. Germany and France contracted while Spain grew 0.8%.
The euro dipped about 0.15% against the dollar after the release.
Weak euro zone growth raises expectations of more ECB cuts, which tends to weaken the euro and support the dollar. Softer European demand also reduces import appetite for feed and oilseeds.
cnbc.comHolly EllyattJan 30, 2025After 15 past bearish report events, EURUSD moved a median +0.0% over 5 sessions (60% higher; middle half -0.6% to +0.4%), and -0.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
