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 |
|
|
1.1267 -417 pips |
1.1574 +110 pips |
1.16839 | |
| EURAUD |
|
|
1.7144 -753 pips |
1.7959 -62 pips |
1.78974 | |
| EURJPY |
|
|
164.0861 -765 pips |
170.6994 +103 pips |
171.732 | |
| EURCAD |
|
|
1.5604 -476 pips |
1.6093 -13 pips |
1.60797 | |
| EURCHF |
|
|
0.9351 -13 pips |
0.9480 -116 pips |
0.93635 | |
| EURCZK |
|
|
24.5764 +268 pips |
0 +245496 pips |
24.54959 | |
| EURGBP |
|
|
0.8547 -94 pips |
0.8644 -3 pips |
0.86408 | |
| EURHUF |
|
|
395.9733 -77 pips |
405.0881 -834 pips |
396.75 | |
| EURNOK |
|
|
10.6220 -11422 pips |
11.7629 +13 pips |
11.7642 | |
| EURNZD |
|
|
1.9209 -679 pips |
1.9850 +38 pips |
1.98879 |
News (EUR)
German GfK Consumer Confidence To Fall Further
German consumer confidence is set to continue to fall in September as rising fear of job losses weighed on purchase decisions and damped hopes of robust economic recovery, a closely watched survey showed on Wednesday. The forward-looking consumer sentiment index fell to -23.6 in September from -21.7 in the previous month. The reading was forecast to drop moderately to -22.
RTTNews | 1 day ago
French Consumer Sentiment Weakest Since 2023
France's consumer confidence weakened to the lowest level since October 2023 largely due to the weaker outlook for standard of living and the fall in saving intentions. The consumer sentiment index edged down to 87 in August from 88 in July. This was the lowest reading since October 2023 and remained below its long-term average of 100.
RTTNews | 2 days ago
German Ifo Business Confidence Strongest Since 2024
German business sentiment hit the highest level in more than two years in August on expectations that the fiscal stimulus would help to kickstart the economic recovery. The business climate index rose to 89.0 in August from 88.6 in the previous month. This was the highest score since April 2024 and also came in above economists' forecast of 88.6. The German economy's recovery remains weak.
RTTNews | 3 days ago
