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    EUR/USD: general analysis on 04.05.2015

    Despite negative Greek news, Euro is holding a position above the level of 1.1000. Support to European currency was provided by unexpectedly positive Spanish macro-economic statistics. It became known that in Q1 economic growth pace in the country was the fastest since pre-crisis times. According to statistical agency INE, the growth amounted to 0.9%. Prime-Minister of Spain Mariano Rajoy has said that economic growth can reach 2.8% this year. However, experts believe that there is low ground for optimism. The biggest problem of Spain is the public debt, which amounts to 170% of GDP and it is not clear yet in what way authorities plan to reduce it.

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