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Eurozone Preliminary GDP arrives at 0.1% QoQ in Q4, misses estimates

The Eurozone economy eased its pace of expansion at 0.1% on quarter in the three months to December of 2019, missing +0.2% expected, the first estimate showed on Friday. 

On an annualized basis, the bloc’s economic growth came in at 1.0% from 1.2% seen in the previous readout while meeting +1.1% expectations.

About Eurozone Preliminary GDP

The Gross Domestic Product released by the Eurostat is a measure of the total value of all goods and services produced by the Eurozone. The GDP is considered as a broad measure of the Eurozone economic activity and health. Usually, a rising trend has a positive effect on the EUR, while a falling trend is seen as negative (or bearish).

Eurozone Preliminary CPI rises 1.4% YoY in Jan, meets estimates

According to Eurostat’s flash reading of Eurozone CPI report, the annual reading came in at +1.4% in October, meeting expectations of +1.4% and +1.3%
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USD/CNH now eyes the 7.04 area – UOB

Following the recent price action, FX Strategists at UOB now see USD/CNH attempting a move to the 7.04 region in the next weeks. Key Quotes 24-hour vi
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