The euro saw a very choppy day of price action, falling upon the final German GDP release, rallying at the start of the US trading session, and finally pulling back at the end of the US trading session as risky assets all took a hit. Looking to the data on hand, Q2 GDP was confirmed at +0.3 percent from the previous quarter, marking the first expansion in five quarters, while the annual rate of GDP growth posted at -5.9 percent after being adjusted for the number of working days. The report reflected a 0.7 percent rise in private consumption, while construction investments increased 1.4 percent from the first quarter, missing forecasts for a 2.0 percent rise. Meanwhile, domestic demand took a hit, tumbling 1.3 percent, while imports plunged 5.1 percent and exports slipped 1.2 percent. Overall, 85 billion euro stimulus plan implemented by the German government seems to have had its intended effect, but whether this growth can be sustained is questionable, as European Central Bank President Jean-Claude Trichet sees “a very bumpy road ahead.”