The U.S. Dollar sank after EC downgraded its forecasts

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Source: Market Watch
The ICE Dollar index dropped to 80.577 from Monday's figure of 80.606, while WSJ Dollar index declined to 72.81 from prior 72.89, after European Commission cut its GDP forecast for the year 2014 to 1.1% from previous expectation of 1.2% and increased the forecast for unemployment rate to 12.2% from 12.1%. The greenback traded at 0.7423 Euro.
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Tue, 05 Nov 2013 15:08:03 GMT

EU projects higher economic growth for Britain

Economic growth in the United Kingdom will increase to 1.3% during the current year, while the next year the economy will add as much as 2.2% and 2.4% in 2015. Such the outlook was given by the European Commission on Tuesday. It is worth pointing out that the British economy advanced only 0.1% in 2012. Economists say that the economic

Tue, 05 Nov 2013 14:16:03 GMT

The EC expect economy to grow less than earlier forecasted; unemployment will decrease in 2015

The European Union's GDP is estimated to stay at current level in 2013 and may decline by 0.4% in Eurozone, according to EC autumn forecast. In 2014 the economic performance in E.U. is expected to grow by 1.4% and by 1.1% in Eurozone, while the figures forecasted for the year 2015 are a little bit more optimistic and will correspond

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