EUR Recovers Toward 1.1650 Despite Weak Eurozone GDP

The euro (EUR) staged a solid recovery against the US dollar (USD) on Friday, advancing to levels just a few pips shy of the 1.1650 mark. The move came despite the release of downbeat Eurozone GDP figures, which failed to dampen demand for the single currency.

Traders appeared to look past the weak economic data, focusing instead on other drivers such as relative monetary policy expectations or broader risk sentiment. The pair's bounce suggests temporary resilience in the euro, though the sustainability of the uptrend remains to be seen.