Start your Binary Trading income NOW!!!

Sponsored by Nuffnang.com

Friday, April 06, 2007

EUR/USD: Germany Still Expected to Up GDP Forecast Late in Apr

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.

No comments: