Currency Analyst since 2010

Nov. 14: European session

EUR/USD is testing levels below $1.3450. German growth slowed in Q3 from 0.7% to 0.3% on declining exports, while France’s economy contracted by 0.1%. Euro zone’s flash GDP rose only by 0.1% in the third quarter (forecast: +0.2%). According to the ECB’s survey of professional forecasters released today, euro zone’s economy will contract by 0.4% in 2013 before adding 1.0% in 2014.

GBP/USD fell to $1.6000. British retail sales dropped by 0.7% (forecast: 0.0%).


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