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Eurostat's flash estimate showed the eurozone economy grew 0.4% quarter on quarter in the first quarter of 2019, beating the 0.3% expectation. Spain grew 0.7%, and the EU as a whole grew 0.5%.
Germany's preliminary GDP was due in two weeks.
Stronger European demand supports the currency and can modestly ease dollar strength that weighs on US commodity prices.
tradingeconomics.comEurostat, Joana FerreiraApr 30, 2019After 20 past bullish report events, Euro (USD per EUR) moved a median +0.7% over 5 sessions (70% higher; middle half -0.0% to +1.6%), and +1.1% 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.
