GDP Steadies the Euro, Trade Balances Dent the Pound


Germany bolsters the euro and investment in China slips - it's time for your FX Fix.

First quarter euro zone GDP beat forecasts, thanks largely to Germany, and gave the fragile euro some support. [CNBC]

Europe's problems are lifting the dollar, which rose for the eleventh consecutive time in Asian trading. []

U.K. trade balances came in worse than expected, and the pound slipped against the dollar -but continued its rise against the euro. []

The yen fell against the dollar as foreign direct investment by China declined for the sixth month in a row. []

The Australian and New Zealand dollars lifted off their five-month lows, but worries about Greece still weigh. [CNBC]



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