News Column

BOURSE AFRICA (for 14.2.2014)

February 18, 2014

Euro/dollar futures and contracts for difference (CFDs) settled Friday's trading session near $1.37, boosted by data showing that the euro zone's economy grew by 0.3 percent in the final quarter of last year, up from 0.1 percent growth in the previous quarter. The expansion was led by Germany, which benefited from a rise in exports. Economic growth extended to struggling parts of the region including France, Spain and Italy. Meanwhile, the dollar was dismayed by lacklustre economic data releases, including a drop in industrial production last month and dull US consumer sentiment. The weakness in the dollar boosted demand for gold which traded above $1 300 an ounce on Friday.

Pretoria News

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Source: Pretoria News (South Africa)

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