The euro gained more ground against the U.S. dollar on Wednesday as new data showed the German economy, Europe's biggest, rebounded in the third quarter and Washington reported more disappointing economic developments.
The 13-nation euro bought US$1.4700 in afternoon European trading, up from US$1.4596 in New York late Tuesday.
German government data showed the country's gross domestic product grew by 0.7 percent in the July-September period from the previous quarter. It grew by only 0.3 percent in the second quarter.
The dollar was further hurt after the U.S. Commerce Department reported that retail sales managed only a small increase in October …
No comments:
Post a Comment