The euro experienced a varying day yesterday while its overall
performance varied against leading peers
Figures unveiled finally revealed expansion in the Eurozone after six consecutive quarters of contraction . The Eurozone GDP information exposed growth of 0 .3% , which was quite marginally greater than what was predicted .
Nevertheless , even though this is certainly good news for the euro , effects were not emphatic by any means . The single currency did improve against the Swiss Franc , yet minor net change was seen against the US dollar and the euro decreased steadily against sterling following the mid-morning release of Monetary Policy Committee meeting minutes in the UK .
Improving growth in France and Germany is certainly a step in the right direction for the Eurozone , nevertheless at the moment , these numbers stand for merely a stall in decreasing economic conditions and not an favorable step towards real economic restoration .
Euro appreciation is likely to be fairly limited as long as a majority of southern Europe stays mired in economic downturn and unemployment rates stay at record highs . There is minimal information of note being issued today as to the single currency and there are bank holidays in France and Italy . Contact your trader now to see if the Eurozone can make concerted steps towards a sustainable recovery .
Figures unveiled finally revealed expansion in the Eurozone after six consecutive quarters of contraction . The Eurozone GDP information exposed growth of 0 .3% , which was quite marginally greater than what was predicted .
Nevertheless , even though this is certainly good news for the euro , effects were not emphatic by any means . The single currency did improve against the Swiss Franc , yet minor net change was seen against the US dollar and the euro decreased steadily against sterling following the mid-morning release of Monetary Policy Committee meeting minutes in the UK .
Improving growth in France and Germany is certainly a step in the right direction for the Eurozone , nevertheless at the moment , these numbers stand for merely a stall in decreasing economic conditions and not an favorable step towards real economic restoration .
Euro appreciation is likely to be fairly limited as long as a majority of southern Europe stays mired in economic downturn and unemployment rates stay at record highs . There is minimal information of note being issued today as to the single currency and there are bank holidays in France and Italy . Contact your trader now to see if the Eurozone can make concerted steps towards a sustainable recovery .
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