The EZ flash GDP data release was not a trend changer in the EUR/USD currency pair. The Euro kept strengthening against the Greenback to touch the intraday high of 1.2450.
The Euro zone economy marked the fastest growth pace in a decade last year, preliminary report revealed, with sentiment remaining at the strong level, suggesting a solid start entering 2018. Eurostat stated that estimated growth domestic product in the bloc marked a 0.6% quarterly increase in three months to December 2017, which put yearly growth to 2.7% in the same period. Investment is expected to recover fully from post-crisis lows, to continue providing essential contribution to expansion over the coming year.
