Europe starts to suffer by the high oil prices and the crisis over the Atlantic. The Germany Business Confidence down to the lowest level in the last two years. The biggest European economy Germany the locomotive of Europe comes in crisis period due too the high inflation caused by foods and oil prices jump. The International Monetary Fund cut Germany’s growth forecast for this year. Due too these problems for Europe the investors expect the European Central Bank action. It is expecting the bank to dump the inflation and to cut the interest rates within six months time. The dollar starts with fast recovery against the euro after the release of Germany Business Confidence during the morning European session. If the recovery continue the euro dollar trading should reach levels of 1.5550 said George Marshal forex analyzer in World-Signals.com.
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