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Euro area recession ‘seen as over’

Bloomberg survey of 41 forecasts intimated a median 0.2% GDP expansion, however EUR slipped 0.4% to $1.3288 as of 14:03 London time

By Richard Nehme | Aug. 13, 2013 10:16 BST
Euro continues to benefit from weaker USD
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International news

USD gained versus the majority of its 16 most-traded peers as positively forecast retail sales data supported a tapering of Fed monetary stimulus. EUR/USD opened yesterday at 1.3337 and dropped through support levels of 1.3299 and 1.3289 before hitting a day low of 1.3278. The pair subsequently rose to close Monday at 1.3306 and opened today at 1.3291 [...]

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