- German GDP declines 0.2% QoQ in Q4 vs. -0.1% anticipated.
- Annual German GDP contracts 0.2% in Q4 vs. 0% estimate.
- EUR/USD stays defensive following the downbeat German Q4 GDP report.
The German economy contracted by 0.2% over the quarter in the fourth quarter of 2024, following a 0.1% expansion in the third quarter, according to the preliminary data published by Destatis on Thursday. Markets expected a 0.1% decline.
Meanwhile, the annual GDP rate fell by 0.2% in Q4 after -0.3% reported in Q3 and against the estimated 0% print.
EUR/USD reaction to the German GDP data
EUR/USD shows little to no reaction to the German data, trading 0.04% lower on the day near 1.0415 at the press time.
Euro PRICE Today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the weakest against the Japanese Yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.02% | -0.07% | -0.53% | -0.09% | -0.02% | 0.08% | -0.04% | |
| EUR | 0.02% | -0.06% | -0.50% | -0.08% | -0.01% | 0.09% | -0.03% | |
| GBP | 0.07% | 0.06% | -0.46% | -0.02% | 0.05% | 0.15% | 0.02% | |
| JPY | 0.53% | 0.50% | 0.46% | 0.43% | 0.50% | 0.56% | 0.47% | |
| CAD | 0.09% | 0.08% | 0.02% | -0.43% | 0.08% | 0.16% | 0.04% | |
| AUD | 0.02% | 0.01% | -0.05% | -0.50% | -0.08% | 0.10% | -0.02% | |
| NZD | -0.08% | -0.09% | -0.15% | -0.56% | -0.16% | -0.10% | -0.13% | |
| CHF | 0.04% | 0.03% | -0.02% | -0.47% | -0.04% | 0.02% | 0.13% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).
Source: https://www.fxstreet.com/news/german-preliminary-gdp-contracts-02-qoq-in-q4-vs-01-expected-202501300901