The Greenback weakened against the Eurozone’s single currency, following the US Advance GDP data release on Friday. The EUR/USD currency pair gained almost nothing, to continue fluctuating in the 1.2385 area.
The Bureau of Economic Analysis released Advance Gross Domestic Product data for Q1 2018, but despite the fact that the data came out better-than-expected of 2.3%, compared to the 2.0% estimate, the EUR/USD currency pair moved upwards after bouncing a little bit lower at the moment of the report. The move upwards may be caused by the fact that in the previous quarter Advance GDP data was 2.6%, which was about 0.3% higher than in the latest quarter.
