Euro Trims Daily Losses After German GDP Beats Estimates

The euro trimmed earlier losses against the U.S. dollar on Wednesday after German preliminary GDP data came in stronger than expected.

The single currency had been under pressure earlier in the session but found support as the upbeat data eased growth concerns. Despite the bounce, EUR/USD remained marginally lower on the day.

The data provided a temporary lift, though the pair continued to trade in negative territory, with market participants still assessing the broader outlook.