A report on the growth in Germany’s gross domestic product is due at 6:00 GMT (2:00 AM EST). FXStreet reports that quarter over quarter growth in Europe is expected to be 0.2% while year-over-year GDP is expected to decline by 0.2%.
The NADEX is pricing the probability that the EUR/USD exceeds 1.1325 at $5.20 which translates into a 52% chance that the EUR/USD closes today above that price.
While the dollar is struggling due to a drop in Treasury yields, Europe is experiencing a continuing economic downturn.
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Will a better-than-expected report on GDP seal a boost in the EUR/USD? If so, should I expect a sell off of the euro as traders take their gains? And if the price of the euro falls this morning, will we see an uptick as dollars head to Europe to take advantage of any bargains? Are there any bargains in a slowing European economy?
Alton Drew
23 May 2025
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