At 7:24 PM Lisbon time, the euro traded at 1.1349 dollars, compared to 1.1397 dollars at 6:00 PM on Tuesday.
However, the euro showed gains against the British pound and the Japanese yen.
The European Central Bank (ECB) set the euro’s reference exchange rate at 1.1373 dollars.
The Gross Domestic Product (GDP) of the United States fell by 0.3% between January and March, marking the first decline in three years. This dip was influenced by a surge in imports before the implementation of tariffs by President Donald Trump.
The GDP decrease in the U.S. was less than analyst expectations, which had predicted a 0.4% drop.
Meanwhile, France’s GDP rose by 0.1% in the first quarter of the year, following a contraction of 0.1% in the last quarter of the previous year.
Additionally, the German economy grew by 0.2% in the first three months of this year compared to the same period last year, with adjustments for price, seasonal, and calendar effects.
