Euro reaches eight-month low

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Source: Reuters
Euro fell to an eight-month low on Wednesday and was trading at 1.3395 against the Dollar. The fall has come as a bit of a surprise with Spain's promising GDP growth numbers. However, with the US recovery going a lot better than the EU's it might just show the strength of the Greenback. Meanwhile, the European stocks also fell due to recent sanctions against Russia.
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Thu, 31 Jul 2014 05:53:14 GMT

German CPI lower with ECB stimulus impact not apparent

German inflation fell reinforcing the signs that ECB's stimulus will not affect the region right away. The CPI declined by 0.2% to 0.8% in July compared to June's data. As the ECB has already announced the measures to avoid deflation and reach the inflation goal of 2% these news could only lead to further boosts to the economy.

Thu, 31 Jul 2014 05:31:13 GMT

US GDP higher than estimated

The gross domestic product in the US expanded by 4.0% in the second quarter. Increments in both business investment and consumer spending facilitated the increase which surpassed the 3% median forecast obtained in Bloomberg's survey of eighty economists, and also most of the other predictions which ranged from 1.9% to 5.2%. 

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