The Bank of France forecast that the French economy will rise by 0.3% in the first three months of 2020. This comes after the GDP fell 0.1% in the fourth quarter of last year.
The report came following a monthly survey from the bank suggesting that the manufacturing confidence index was unchanged in January at 96.0.
EUR/USD Rebounds Off Lower Support
The euro currency is on track to close bullish after a long spell of declines. Price action bounced off the support area near 1.0897. This comes despite the Stochastics oscillator staying well within the oversold levels.
However, divergence on the intraday charts could indicate a rebound to 1.0952.
