Germany ‘holds back’ euro
MARKET NEWS
FRANKFURT -- The FX market’s focus on Germany as the key economy in the eurozone is dragging on the euro’s value, analysts told FX Week.
Official figures made public last week showed that the German economy slipped into recession in the fourth quarter of last year.
Gross domestic product growth in that quarter was --0.3%, compared with --0.2% the previous quarter, thereby satisfying the technical requirements of a recession -- two consecutive quarters of negative growth.
The euro did not slip on
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