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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 |
|
|
1.1379 -385 pips |
1.1622 +142 pips |
1.17644 | |
| EURAUD |
|
|
1.7260 -652 pips |
1.7937 -25 pips |
1.79117 | |
| EURJPY |
|
|
163.5735 -551 pips |
168.0898 +99 pips |
169.083 | |
| EURCAD |
|
|
1.5705 -362 pips |
1.5931 +136 pips |
1.60671 | |
| EURCHF |
|
|
0.9357 +22 pips |
0.9518 -183 pips |
0.93348 | |
| EURCZK |
|
|
24.6901 +34 pips |
0 +246867 pips |
24.68669 | |
| EURGBP |
|
|
0.8519 -54 pips |
0.8576 -3 pips |
0.85726 | |
| EURHUF |
|
|
397.9073 -147 pips |
405.3240 -594 pips |
399.38 | |
| EURNOK |
|
|
11.4377 -4311 pips |
11.8195 +493 pips |
11.8688 | |
| EURNZD |
|
|
1.8693 -643 pips |
1.9346 -10 pips |
1.93355 |
News (EUR)
Eurozone Inflation Hits ECB Target
Euro area inflation rose slightly to hit the European Central Bank's 2 percent target in June on slower fall in energy prices and the rise in services inflation, flash estimate from Eurostat showed on Tuesday. Annual inflation climbed to 2.0 percent in June from 1.9 percent in May. The rate reached the inflation target and also matched economists' expectations.
RTTNews | 4h 8min ago
Eurozone Manufacturing Sector Contraction Slows In June
Eurozone manufacturing activity contracted at a slower pace in June as output showed a sustained expansion and total new work stabilized ending a 37-month period of decline, final survey data from S&P Global showed on Tuesday. The HCOB manufacturing Purchasing Managers' Index posted 49.5 in June, up from 49.4 in May. This was the highest score since August 2022.
RTTNews | 4h 43min ago
Eurozone Household Lending Grows Most In 2 Years
Lending to euro area households grew the most in two years in May and overall private sector credit growth remained stable, data from the European Central Bank revealed on Monday. Adjusted loans to households increased 2.0 percent year-on-year in May, the strongest since May 2023, when it was up 2.1 percent. Meanwhile, loans to businesses grew 2.5 percent from a year ago.
RTTNews | 1 day ago
