Euro area growth reported more than forecast acceleration in the first quarter, the preliminary gross domestic product data released on Tuesday showed.
The 19-nation region expanded 0.4 percent in the quarter through March, following a 0.2 percent growth in the previous three months. That was above analysts’ projections of 0.3 percent growth.
The year-on-year growth recorded 1.2 percent, similar to the revised prior reading, coming in higher than forecasts of 1 percent expansion.
Another boost came from the unemployment data, which signaled a drop to a 10-year low at 7.7 percent in March, down from 7.8 percent in February.
As of 09:40 GMT, the euro traded higher for a third straight session at
$1.1213, noting that it hit a multi-month low of $1.1111 at the end of last