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Montenegro GDP Growth Rate YoY
Following its independence from Serbia in 2006, Montenegro is currently undertaking an economic transition. It does not have its own currency, and the Euro is used as legal tender throughout the country. The economy of Montenegro is primarily reliant on foreign tourists, as well as on the sale of refined metals. On the financial side, household consumption accounts for the majority of GDP (80%), followed by government expenditure (19%) and gross fixed capital formation (19%). Exports of products and services account for 40% of GDP, while imports account for 60%, resulting in 20% of total GDP.
A higher than expected figure should be seen as positive (bullish) for the EUR while a lower than expected figure should be seen as negative (bearish) for the EUR.
Forex Sentiment (EUR)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price |
Avg. Long Price / Distance From Price |
Current Price | |
|---|---|---|---|---|---|---|
| EURUSD |
|
|
1.0646 -142 pips |
1.0884 -96 pips |
1.07876 | |
| EURAUD |
|
|
1.6775 -361 pips |
1.7192 -56 pips |
1.71361 | |
| EURJPY |
|
|
156.2542 -538 pips |
163.5792 -194 pips |
161.637 | |
| EURCAD |
|
|
1.5147 -289 pips |
1.5493 -57 pips |
1.54364 | |
| EURCHF |
|
|
0.9475 -61 pips |
0.9684 -148 pips |
0.95361 | |
| EURCZK |
|
|
0 -249347 pips |
24.9887 -540 pips |
24.93470 | |
| EURGBP |
|
|
0.8341 -14 pips |
0.8414 -59 pips |
0.83553 | |
| EURHUF |
|
|
394.9473 -680 pips |
403.7483 -200 pips |
401.75 | |
| EURNOK |
|
|
10.2652 -10125 pips |
11.4770 -1993 pips |
11.2777 | |
| EURNZD |
|
|
1.8402 -451 pips |
1.8935 -82 pips |
1.88529 |
News (EUR)
Eurozone Inflation Slows To 2.2% Boosting ECB Rate Cut Speculation
Euro area inflation eased in March largely due to a slowdown in the services costs growth and strengthened the calls for further interest rate cuts from the European Central Bank. The harmonized index of consumer prices rose 2.2 percent year-on-year in March, which was slightly slower than the 2.3 percent rise in February, flash data from Eurostat showed on Tuesday. The rate matched expectations
RTTNews | 22h 3min ago
Eurozone Manufacturing Downturn Eases
Downturn in the euro area manufacturing slowed in March as output expanded for the first time in two years, signaling a recovery in the sector, final results of the latest purchasing managers' survey by S&P Global showed on Tuesday. The HCOB manufacturing Purchasing Managers' Index rose to 48.6 in March from 47.6 in the previous month. The flash score was 48.7.
RTTNews | 22h 31min ago
German Inflation At 4-Month Low Adds To ECB Rate Cut Hopes
Consumer price inflation in Germany slowed in March to its lowest level in four months as services cost growth eased further and energy prices fell at a steeper rate, boosting hopes that the European Central Bank will continue cutting interest rates this month.
RTTNews | 1 day ago
