German GDP grows by 0.6% in Q1 2017 as expected

The continent’s largest economy is growing at an accelerated pace: 0.6% in the first quarter of 2017. Year over year, the growth rate is 1.7%. Both figures come out as expected. EUR/USD trades steadily at 1.0870. In a separate publication, final CPI numbers are confirmed at 0% m/m and 2% y/y. Revisions to inflation data [...]

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