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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
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Sep 8, 2020

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

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