Eurozone Final GDP revised up to -3.6% QoQ in Q1 vs. -3.8% exp, EUR/USD unfazed

• Eurozone GDP (QoQ) (Q1):  -3.6% actual vs –3.8% expected.
• Bloc’s GDP (YoY) (Q1): -3.1% actual vs. -3.2% expected.
• EUR/USD unmoved on data, as the dollar demand dominates.

more to come ...

About Eurozone GDP

The Gross Domestic Product released by the Eurostat is a measure of the total value of all goods and services produced by the Eurozone. The GDP is considered as a broad measure of the Eurozone economic activity and health. Usually, a rising trend has a positive effect on the EUR, while a falling trend is seen as negative (or bearish).