EUR USD DROPS AS GERMAN AND FRENCH ECONOMIES CONTRACT

EUR USD DROPS AS GERMAN AND FRENCH ECONOMIES CONTRACT

The euro lost 0.46%against the dollar onnews that the German and ...More
The euro lost 0.46%against the dollar onnews that the German andFrench economiescontracted in the fourthquarter. Germany'seconomy contracted by0.6% according to grossdomestic product data,after it gained 0.2% fromthe previous quarter. TheFrench economy contractedby 0.3%. Both economieshit worse than expectedfigures. Less

EUR USD DROPS AS GERMAN AND FRENCH ECONOMIES CONTRACT

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Posted on: 03:04 PM - 18 Jun 13

EUR USD DROPS AS GERMAN AND FRENCH ECONOMIES CONTRACT
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The euro lost 0.46% against the dollar on news that the German and French economies contracted in the fourth quarter.
Germany's economy contracted by 0.6% according to gross domestic product data, after it gained 0.2% from the previous quarter. The French economy contracted by 0.3%. Both economies hit worse than expected figures.
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