German Q1 GDP 0.1% vs 0.3% exp

• Prior -0.6% Revised down to -0.7%
• Y/Y -1.4% from 0.1% prior ( Revised down to 0.0%)

EUR/USD taking a dive on the GDP drop. down to 1.2910 from 1.2930

German stats office says Q1 growth weak partly due to bad weather while the growth was driven nearly exclusively by private consumption