Euro is lifted mildly by better than expected German growth data and outlook.
German Q2 GDP rose 0.5% qoq in Q2, up from prior quarter’s 0.3% qoq and beat expectation of 0.4% qoq. Also, CPI was finalized at 0.3% mom, 2.0% yoy, unrevised.
German Economy Ministry also said its money report that “the German upswing remains robust despite trade-related uncertainties.” Though, It also emphasized that “risks from the external economic environment remain high. This can also be seen in the Ifo business sentiment survey”.
