BUSINESS INFORMATION - German-French Release from recession, soaring euro

BUSINESS INFORMATION - German-French Release from recession, soaring euro
Euro soaring against the dollar in London on Thursday local time, because the main European countries, Germany and France, to report back to the growth in the second quarter from a deep recession in both countries, dealers said.

They said, the prospects for further increase in euro zone and berlanjutnya loose U.S. monetary policy, euro may be beneficial in the short term, but this could change if and when the indicators start to revolve U.S. clearly more positive.

On Thursday, unexpected decline in U.S. retail sales and more from the weak U.S. employment data estimates the sentiment of the dollar, euro to provide greater opportunities for menguat against the U.S. unit.

At the end of trading in London, Thursday, the euro was 1.4294 dollars, up from 1.4191 dollars in New York late on Wednesday.

Unit of Japan, the dollar fell to 95.62 yen from 96.09 yen late Wednesday.

Economy to 16-euro zone only shrink 0.1 percent in the second quarter, menguat turn back from the 2.5 percent contraction in the three months to March.

Growth led by Germany and France, the two largest economic areas, who each recorded 0.3 percent growth surprise in the three months to June, rose from the worst recession in decades.

While welcoming the results, analysts are also cautious that the recovery will likely be protracted and vulnerable, because the stimulus package a large-scale government run new and increasing unemployment is still very worrying.

However, the whole had a positive impact and fire off some comments and other indicators.

Japanese data that will be out on Monday are expected to show that the second-largest economy in the world that, also turn increased between April and June.

U.S. Federal Reserve on Wednesday, said that the U.S. economy has been stable and will gradually scale back the business for a large-scale pumping liquidity into the financial system.

In London on Thursday, euro at 1.4294 dollars transferable to 1.4191 dollars late on Wednesday, at 136.69 yen (136.38), 0.8603 pounds (0.8609) and 1.5318 Swiss Francs (1, 5293).

Dollar stood at 95.62 yen (96.09) and 1.0717 Swiss Francs (1.0771). Pound was 1.6614 dollars at (1.6583).

In the London bullion market, the price of gold increased to 953.50 dollars per troy ounce from 947.25 dollars late on Wednesday.