Italy Gross Domestic Product (QoQ) (4Q): -0.9% vs -0.2% (3Q)
Feb 14, 2013
Forex: EUR/USD back to 1.3400 ahead of ECB and Italy GDP
The EUR/USD is fragile today, down by -0.39% on the day after the nose dive from 1.3440 to 1.3382 low on flash GDP data in Germany and France. The Eurozone figure is still due to be released, at 10:00 GMT. However, ahead of the ECB monthly report (at 09:00 GMT) and Italian GDP, the pair has returned to the 1.3400 handle.
Downside pressure on the GBP/USD sent it to prices below the 1.5500 handle on the London opening, reaching as low as 1.5492. However, support around the psychological level is still working and triggered a bouncing movement back to 1.5510/20 area and is now attempting to retrace all losses.