French economic growth likely to accelerate in Q2

The Bank of France business sentiment survey showed that the optimism in industry rebounded a bit last month, with the relevant index rising from a 19-month low of 100, a level consistent with its long-term average, to 101.

The equivalent indicator for services also came in stronger, rising 2 points to 103. Construction confidence has continued to be the same well above the long-run average at 105. The Bank judged its survey to be in line with a 0.3 percent rise in the economic growth in the second quarter, a pace consistent with the forecast and 0.1 percentage point higher compared to the first quarter, stated Daiwa Capital Research Report.

At 19:00 GMT the FxWirePro's Hourly Strength Index of Euro was bullish at 85.0556, while the FxWirePro's Hourly Strength Index of US Dollar was slightly bearish at -68.0333. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex