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Latvia GDP Growth Rate QoQ
Increasing consumption and credit in Latvia have been the primary drivers of the country's GDP growth in recent years. The most important sectors in the country include synthetic fibers, agricultural machinery, fertilizers, radios, electronics, medicines, processed foods, textiles, and timber. Among the expenditure components of GDP, household consumption dominates, accounting for 61% of total usage. Gross fixed capital formation (23%) and government expenditure (18%) are the next most important components. Exports of goods and services account for 59% of total GDP, while imports account for 62%, resulting in a 3% reduction in total GDP as a result of the trade imbalance. Latvia became a member of the Eurozone in 2014.
A higher than expected figure should be seen as positive (bullish) for the EUR while a lower than expected figure should be seen as negative (bearish) for the EUR.
Forex Sentiment (EUR)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| EURUSD |
|
|
1.1217 -487 pips |
1.1611 +93 pips |
1.17042 | |
| EURAUD |
|
|
1.7245 -696 pips |
1.7973 -32 pips |
1.79407 | |
| EURJPY |
|
|
166.2393 -542 pips |
170.3007 +136 pips |
171.662 | |
| EURCAD |
|
|
1.5658 -372 pips |
1.5988 +42 pips |
1.60300 | |
| EURCHF |
|
|
0.9359 +35 pips |
0.9452 -128 pips |
0.93244 | |
| EURCZK |
|
|
24.6901 +596 pips |
0 +246305 pips |
24.63051 | |
| EURGBP |
|
|
0.8538 -77 pips |
0.8616 -1 pips |
0.86147 | |
| EURHUF |
|
|
397.8895 -236 pips |
405.3240 -507 pips |
400.25 | |
| EURNOK |
|
|
11.5192 -3001 pips |
11.8378 -185 pips |
11.8193 | |
| EURNZD |
|
|
1.8908 -627 pips |
1.9480 +55 pips |
1.95348 |
News (EUR)
German Exports Decline As Tariff Treats Damp Demand From US
Germany's exports declined for the second straight month in May due to a sharp fall in demand from the US amid tariff threats, data from Destatis revealed on Tuesday. Exports decreased by more-than-expected 1.4 percent month-on-month in May, following April's 1.6 percent fall. Economists had forecast a 0.2 percent drop. Imports slid 3.8 percent from last month.
RTTNews | 1 day ago
Eurozone Retail Sales Drop For First Time In 5 Months; Services Output Fall
Euro area retail sales decreased for the first time in five months and services production declined in May, suggesting a slowdown in the second quarter. Retail sales logged a monthly fall of 0.7 percent in May, reversing April's 0.3 percent increase, Eurostat reported Monday. Sales were expected to drop 0.8 percent. Another data from Eurostat showed that services production decreased 0.3 percen
RTTNews | 1 day ago
Eurozone Investor Confidence Strongest In More Than 3 Years
Eurozone investor confidence rose to the highest level in more than three years in July suggesting that fears of recession triggered by the US tariff shocks are completely off the table, survey data from the behavioral research institute Sentix showed on Monday. The investor confidence index advanced to 4.5 in July from 0.2 in June. The reading was the highest since February 2022 and also stayed
RTTNews | 2 days ago
