EU 1Q Gross Domestic Product s.a. (QoQ): -0.2% vs -0.6% (4Q)

The EUR/USD has been in focus today, given its unsavory weakness that has left it trading at early April lows. Indeed, the single currency has found itself facing short-term headwinds, with the pair now trading at 1.2900/01 on the heels of economic data in the European Monetary Union.