Market Moving News: EUR/USD - Aug 22

22 August 2010 @ 08:35 am EDT

Eur/usd - 1.2885 ... The Bundesbank said the Germany economy is set to grow by around 3% this year, lifting its forecast from the 1.9% it predicted in June, but the rate of expansion will slow following a surprising surge in the second quarter of the year. The single currency extended intra-day rise fm 1.2772 to 1.2903 after the release of U.S. jobless claims data which rose unexpectedly in the latest week.

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