Penulis : Euro zone GDP Up, EUR / USD Remain At High Level
judul artikel : Euro zone GDP Up, EUR / USD Remain At High Level
Euro zone GDP Up, EUR / USD Remain At High Level
Euro zone GDP Up, EUR / USD Remain At High Level
June 7, 2016 16:34 By: Utari view: 80 Share This
Pair EUR / USD on Tuesday in the European trading session this afternoon (07/06) traded at a high level along with the improvement of the Euro Zone GDP data is the first quarter of 2016. At time of writing the pair EUR / USD is in a range of price levels of 1,137 per dollar US.
Euro Zone GDP
Eurozone GDP Data Released
The euro zone economy grew in the first quarter of 2016, above the forecast and higher than the fourth quarter of 2015 ago. The official data from Eurostat showed that the euro zone economy in the first quarter rose to 0.6 percent, up significantly than the Euro Zone GDP last quarter of 2015 which amounted to only 0.3 percent.
In addition, the YoY GDP of the Euro Zone rose to 1.7 percent from 1.6 percent. Whereas previously the Euro-zone GDP is expected to remain at the level of 0.5 percent on a quarterly basis and still be 1.5 percent YoY.
Meanwhile, the release of Euro-zone GDP data before, while industrial production data in April German states rose significantly to 0.8 percent MoM, whereas previously such data only sebsar -1.1 percent. In addition to these data, while industrial production in Germany YoY increase of 0.4 percent to 1.2 percent in March.
Factory Orders in Germany
However, increasing the GDP of the Euro Zone is in contrast with the factory orders number (factory orders) in Germany because the country in April factory orders data on the number decreased 2.0 percent month on month, after rising 2.6 percent in March. Not only that, the factory orders also showed a decline on an annual basis from the previous 2.4 percent to -0.5 percent.
In terms of dollars, the chairman of the Fed, Janet Yellen last night in a speech in Philadelphia stated that the US central bank may raise interest rates the US. Unfortunately, Yellen did not explain about the time line of when to raise interest rates.
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