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EZ data a shadow behind Ukraine conflict - BBH

FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman looks beyond EZ data.

Key Quotes:

"Euro zone Q2 GDP was reported earlier at 0.0% q/q vs. 0.1% consensus and 0.2% in Q1. German GDP contracted -0.2% vs. -0.1% consensus, while French GDP was flat y/y vs. 0.1% consensus."

"Of course, the disappointment for both countries does not yet fully take into account the impacts of the conflict in Ukraine, which will probably weigh further on growth in the next couple of quarters. Recent forward looking and sentiment data already suggests weakness will carry over into H2."

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