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8 Sep 2020

French economic activity seen at 95% of pre-coronavirus levels in Q3 – INSEE

The national statistics bureau of France, INSEE, is out with its latest economic assessment for the coming quarters, with recovery in sight.

Key takeaways

“Economic activity ran at 81% of pre-virus levels in Q2.”

“Economic activity seen at 95% of pre-virus levels in Q3.”

“Economic activity seen at 96% of pre-virus levels in Q4.”

“Confirms the previous forecast of a 9% decline in French GDP this year.”

Market reaction

EUR/USD posts small losses while trading around 1.1800 amid dovish ECB expectations and ahead of the Eurozone final GDP estimate.

Sep 8, 2020

Forex Today: Hard-Brexit fears pound the Pound, Dollar bid on US-Sino woes

Here is what you need to know on Tuesday, September 8: The US dollar held onto the recent upside, as investors remained bearish on the euro amid dovis

Confirming you are not from the U.S. or the Philippines

French economic activity seen at 95% of pre-coronavirus levels in Q3 – INSEE

Key takeaways

Market reaction

Forex Today: Hard-Brexit fears pound the Pound, Dollar bid on US-Sino woes

France Nonfarm Payrolls (QoQ) came in at -0.9% below forecasts (-0.6%) in 2Q