EUR/USD Little Higher, European Commission Lowers GDP Forecast

EUR/USD is trading at 1.0643, up 0.0014. The European Commission estimated today that Euro area growth may slow to 1.6 percent for 2017 from 1.7 percent in 2016. The commission said 2018 gross domestic product (GDP) would rise 1.8 percent. Germany's Federal Statistical Office scheduled to release gross domestic product (GDP) Tuesday at 2:00 a.m. ET.