German Preliminary GDP expands 0.2% QoQ in Q1, as expected
- German GDP rose 0.2% QoQ in Q1 vs. 0.2% forecast.
- Annual German GDP declined 0.2% in Q1 vs. -0.2% anticipated.
- EUR/USD stays defensive below 1.1400 after the German Q1 GDP report.
The German economy expanded by 0.2% over the quarter in the first quarter of 2025, following a 0.2% contraction in the final quarter of 2024, according to the preliminary data published by Destatis on Wednesday. Markets expected a 0.2% growth in the reported period.
Meanwhile, the annual GDP rate dropped by 0.2% in Q1 after -0.2% recorded in Q4 and an expected reading of -0.2%.
Separately, the German Unemployment Rate stayed at 6.3% in March.
EUR/USD reaction to the German GDP data
The German data fails to provide any support to the Euro (EUR), leaving EUR/USD trading 0.09% lower on the day near 1.1375 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 Australian Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.07% | 0.20% | 0.27% | -0.01% | -0.12% | 0.14% | 0.11% | |
| EUR | -0.07% | 0.14% | 0.21% | -0.08% | -0.19% | 0.08% | 0.05% | |
| GBP | -0.20% | -0.14% | 0.08% | -0.21% | -0.33% | -0.06% | -0.10% | |
| JPY | -0.27% | -0.21% | -0.08% | -0.29% | -0.40% | -0.07% | -0.14% | |
| CAD | 0.00% | 0.08% | 0.21% | 0.29% | -0.11% | 0.16% | 0.13% | |
| AUD | 0.12% | 0.19% | 0.33% | 0.40% | 0.11% | 0.26% | 0.24% | |
| NZD | -0.14% | -0.08% | 0.06% | 0.07% | -0.16% | -0.26% | -0.03% | |
| CHF | -0.11% | -0.05% | 0.10% | 0.14% | -0.13% | -0.24% | 0.03% |
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).
Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
