• The currency pair EUR/USD declines to 2.5-month lows

Market news

15 May 2014

The currency pair EUR/USD declines to 2.5-month lows

The currency pair EUR/USD declines to 2.5-month lows. The weak French economic growth and possible additional stimulus measures by ECB in June have a negative impact on the euro. The French GDP (preliminary) was flat in the first quarter, from a 0.2% increase in the previous quarter. The figure of Q4 2013 was revised down from 0.3%. Analysts had expected a 0.4% rise. On yearly basis, the French GDP (preliminary) remained unchanged at 0.8% in the first quarter.

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