Euro zone GDP worse than expected. EUR/USD lower

Euro zone final Q-4 GDP has come in worse than expected, declining -1.6% q/q compared to previous -1.5% and -1.5% y/y compared to previous -1.3%. Euro zone Q-3 GDP was also revised down to -0.3% q/q from previous -0.2%. Q-3 y/y GDP remained unchanged at +0.6 .

EUR/USD has taken it on the chin, presently down at 1.3290.