EUR News

European Central Bank policymakers saw the need for latitude in monetary policy to tackle the difficult economic situation as the outlook remains highly uncertain in the absence of a permanent cure for the coronavirus and political factors such as Brexit transition and US presidential election, minutes of the September policy meeting showed on Thursday.

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Following the relaxation of Covid-19 restrictions, the German economy rebounded at a faster than expected pace in the third quarter, offsetting a large part of the massive contraction in the second quarter, revised data from Destatis revealed on Tuesday. Gross domestic product grew 8.5 percent sequentially in the third quarter, reversing the 9.8 percent decline in the second quarter caused by the

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Eurozone producer prices continued to fall in October on weak energy prices, data from Eurostat revealed Wednesday.

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The European Central Bank has made clear that it does not want to see EUR/USD above the 1.20 mark, once seen as its ‘line in the sand’ for the pair. But it’s hard to see what it can do about it.

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Germany's unemployment declined unexpectedly in December despite the government tightening the coronavirus containment measures, data released by the Federal Labor Agency showed Tuesday. Another official data revealed that retail sales growth slowed less than expected in November driven by non-food sector retailing.

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Eurozone producer prices declined further in November, data from Eurostat showed on Wednesday.

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Germany's economy is set to expand this year on the back of export growth, but the biggest euro area economy will reach pre-crisis level only in the first half of next year, Federation of German Industries/BDI said Tuesday.

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German exports rose marginally in December, data from Destatis revealed on Tuesday.

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Eurozone consumer confidence improved slightly in February, after easing in the previous month, preliminary figures from the European Commission showed on Thursday.

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The German economy grew more than initially estimated in the fourth quarter, revised data from Destatis showed on Wednesday.

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