Euro-zone prelim flash GDP steady at 0.3% q/q, yearly rate eases to 2.1%

The Euro-zone economy is estimated to have expanded by 0.3% during the three months to June 2018, according to a preliminary flash estimate published by Eurostat, the statistical office of the European Union.  

Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 2.1% in the region during the second quarter of 2018, down from 2.5% in the previous quarter.
 

Euro-zone CPI expected to rise 2.1% y/y in July, beats estimates

According to the flash estimates released this Tuesday, the Euro-zone consumer inflation, as measured by the headline CPI, is seen rising 2.1% y/y in
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EUR/USD near daily tops around 1.1730 on EMU CPI, GDP

The buying pressure around the European currency stays unabated so far today and is now lifting EUR/USD to test fresh daily highs in the 1.1730 area.
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