Ouch. Not a good reading for the German economy

  • -2.2% prev revised down from -1.4%
  • yy WDA +1.9% vs +5.6% exp vs -1.3% prev revised down from -0.6%

Euro shrugging it off for the moment but still looks a little undermined anyhow

EURUSD 1.1181 EURGBP 0.7374 EURJPY 134.50