French FinMin Le Maire: GDP figures were not as bad as some had feared
Commenting on the French Q2 GDP report, Finance Minister Bruno Le Maire said the latest GDP figures were not as bad as some had feared.
Additional quotes
“We can improve matters, regarding the economy.”
“There are positive elements within the French economy.”
“We must continue with radical measures to deal with the economic situation.”
“We could do better than current forecast of 11% retraction for the French economy in 2020.”
France's INSEE official statistics agency reported preliminary Q2 GDP at -13.8% QoQ vs. -15.2% expected and -5.9% seen in Q1.
Market reaction
The shared currency pays little heed to the French and German macro news, as the EUR/USD pair remains at the mercy of the US dollar dynamics amid fiscal impasse and ahead of the US data.
The spot , currently, trades at 1.1882, still up 0.30% on the day.
Reprinted from FXStreet，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.