Thursday, August 13, 2009

EUR/USD: Trading the Euro-Zone GDP

Written by David Song, Currency Analyst
The advanced 2Q GDP reading for the Euro-Zone could weigh on the exchange rate as economists forecast the growth rate to contract 0.5% from the first quarter, and fears of a slower recovery could hamper the outlook for future policy as the European Central Bank anticipates price pressures to remain subdued throughout the second-half of the year

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