The German institutes raised their GDP forecasts in February and March but the government has been holding off. Spiegel reports that Germany will raise its forecast to 2.0% at the end of April.
Faster German growth is bringing in higher than expected tax revenues, helping close the deficit that plagued Germany in the early 2000s. EUR/USD is quietly consolidating at 1.3433 after stalling in the low 1.3440s. Dealers suspect there may be one more topside attempt at the 15:00 GMT fixing.
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