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Eurozone GDP rises 0.3% QoQ in Q1 2025 vs. 0.4% preliminary estimate

The Eurozone economy expanded by 0.3% in the first quarter of 2025 (Q1), undermining the preliminary reading of 0.4%, according to the second estimate released by Eurostat on Thursday.

The bloc’s Gross Domestic Product (GDP) increased at an annual rate of 1.2% in Q1, confirming the initial estimate and as expected.

Meanwhile, the Eurozone Employment Change for Q1 arrived at 0.3% quarter-over-quarter (QoQ) and 0.8% year-over-year (YoY).

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USD/CAD steadies near 1.4000, rebounds as crude Oil weakness weighs on Canadian Dollar

USD/CAD stabilized around 1.3980 during Thursday’s European trading hours, recovering earlier losses as the Canadian Dollar (CAD) came under pressure due to declining crude Oil prices.
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