EUR/USD Higher, German GDP Improves

EUR/USD is trading at 1.0628, up 0.043. The pair is trading rangebound and in the middle of the session range. Germany's Federal Statistical Office reported that full year gross domestic product (GDP) during 2016 rose 1.9 percent versus 2015 at 1.7 percent. It was the best German GDP since 2011. Private consumption rose by 2 percent versus 2 percent in 2015 and government spending increased by 4.2 percent versus 2.7 percent in 2015.