The pair rose significantly since Wednesday’s low as risk appetite strengthen on positive economic reports. The preliminary reading of the U.S. GDP showed a moderate contraction (-1.0%), better than the projected estimates of -1.4%. In the UK, the second quarter GDP reading was upwardly revised to -0.7% from -0.8% previously reported. In addition, earnings from Dell topped analysts estimates boosting confidence that the recovery is under way. Read More Read More AUD USD Limit Buy at 08338
Recent Post
- Weekly Focus Still Waiting for Greece
- Groundhog Week
- Down to the Wire on Greece
- Debt crisis as it happened, February 10, 2012
- Lessons to be learnt from rampant inflation of the 70s
- Britains extreme QE is dangerously counterproductive
- Inflation Report set to show sharp fall in inflation
- Forget Europe, its time for the Commonwealth
- Structural Shop Drawings Shop Drawings India
- Shop Drawings Samples Steel Shop Drawings Samples
