EUR: Supported by Eurozone’s economy consistency - AmpGFX

Analysts at Amplifying Global FX Capital explains that in terms of beating market expectations, EUR is now leading the pack and the Citibank economic surprise indices show persistent out-performance in the Eurozone since Q3 last year. 

Key Quotes

“USA economic data has been underwhelming in recent months; its economic surprise index is below all others, including EM and commodity exporters.”

“Q1 GDP released in the Eurozone on Tuesday, rose as expected by a 0.5%q/q and 1.7%y/y, after rising 0.5% q/q in Q4 last year, maintaining a steady solid path in recent years, above the long-run potential, which may be around 1%.”

“The German ZEW index continued the recent pattern of improving economic surveys; firming in May, albeit rising less than expected.”