Investing.com - The euro zone's economy grew in line with preliminary estimates in the first three months of the year, underlining optimism over the health of the region's economy, data showed on Tuesday.
Eurostat said gross domestic product expanded by a seasonally adjusted 0.5% in the first quarter, unchanged from an initial estimate and meeting expectations. The region's economy grew by 0.4% in the preceding quarter.
Year-over-year, the economy expanded 1.7% in the three months ended March 31, unchanged from a preliminary reading. The euro zone's economy grew at an annualized rate of 1.7% in the fourth quarter of 2016.
EUR/USD was trading at 1.1041 from around 1.1045 ahead of the release of the data, while EUR/GBP was at 0.8563 from 0.8560 earlier.
Meanwhile, European stock markets were mostly lower. The EURO STOXX 50 dipped 0.1%, Germany's DAX inched down 0.1%, France's CAC 40 fell 0.4%, while London’s FTSE 100 added 0.4%.