Germany Q2 GDP qq flash reading now out 12 Aug 2016
– +0.7% prev
– yy WDA +1.8% vs +1.4% exp vs +1.9% prev from +1.6%
– yy NSA +3.1% vs +2.8% exp vs +1.5% prev from +1.3%
Better than expected data squeezes a small reaction higher from the euro.