GO Markets - FX Market Commentary

By Chris Gore
15 November 2009 @ 06:23 pm EDT

Encouraging news from Europe boosted global markets on Friday as Gross domestic product for Euro-Zone returned to growth for the first time in a year and a half. Euro-zone GDP rose 0.4 per cent in the third quarter, however still short of the 0.6 percent rise expected which represents a fall of 4.1 percent on year. Currencies extended gains against the Greenback as investor's found confidence in the latest European data, despite speculation growth may retract as government stimulus measures are withdrawn.

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