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Forex Trading News: EUR German GDP and CPI Released

Posted by Mr. Danish FX on Thu, 05/15/2008 - 1:02am in

The German GDP comes out at 1.5% from the previous 0.3%.  This was forecast at 0.7%.  This is the highest reading since the second quarter of 1996.

THe German CPI comes out at -0.2% on target with forecast.     

The EUR got a big boost from this data as the GDP came out quite higher than forecast.