Mid-Day Report: Fitch Affirmed US AAA Rating, Franco-German Summit Awaited after Poor Eurozone Data

Mid-Day Report: Fitch Affirmed US AAA Rating, Franco-German Summit Awaited after Poor Eurozone Data
The single currency slipped in most part of European session as the eurozone GDP data all came in weaker than expected, it started with German Q2 GDP which showed the nation’s growth at a much slower than expected pace of 0.1% whilst economists were anticipating a 0.5%, previous quarter’s number also revised down from 1.5% to 1.3%. Later on, the eurozone Q2 GDP data also showed the economy grew by a

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