Session Recap: EUR/USD suffers after GDP, GBP/USD at 6-month lows
FXstreet.com (Córdoba) - Today's session was driven by pessimism toward the shared currency after the European Union and some of its members reported the economy contracted more than expected in the Q4. The EURUSD weakened further after ECB Vice President Constancio suggested negative interest rates are a possibility. Elsewhere, the pound fell to a fresh 6-month low sub-1.5500 versus the greenback, while the yen continued to consolidate within its Monday's range.
Main Headlines in Europe (in chronological order):
Germany: Quarterly GDP falls 0.6% in Q4
EMU: GDP contraction accelerates more than expected in Q4
ECB's Constancio suggesting negative interest rates are a possibility
Forex: EURUSD falls further on ECB Constancio words
European markets dive on Eurozone wider recession
US: Initial Jobless Claims fell to 341K
American equity markets stumble Thursday
Main Headlines in Europe (in chronological order):
Germany: Quarterly GDP falls 0.6% in Q4
EMU: GDP contraction accelerates more than expected in Q4
ECB's Constancio suggesting negative interest rates are a possibility
Forex: EURUSD falls further on ECB Constancio words
European markets dive on Eurozone wider recession
US: Initial Jobless Claims fell to 341K
American equity markets stumble Thursday
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