2014.07.3104:43:38UTC+00Euro plunges against US dollar, major counterparts

The euro tumbled against the US dollar and other major counterparts Wednesday following the US data grew bigger than expected in the 2nd quarter.

The currency traded at 1.3378, down 0.23% from a session low of 1.3367 reached yesterday.

Earlier, the Commerce Department reported the US gross domestic product expanded at 4% annual rate to June.

Another report showed Germany’s annual inflation rate decelerated to 0.8% this month, previously 1%.

Meanwhile, the eurozone will release preliminary data on consumer inflation and unemployment, while Germany will publish figures on retail sales and unemployment.