EURO The euro moved higher vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.2895 level and was supported around the $1.2720 level. The European Commission today reported the eurozone is in a technical recession and estimates economic growth will be around nil in 2009. EMU-15 policymakers called for coordinated action to stimulate economic growth. The German government is expected to unveil a €30 billion fiscal stimulus tomorrow. EMU-15
No comments:
Post a Comment