** YoY = Year over Year ** MoM = Month over Month | ||||||||||||||||||||||||||||||||||||||||||
EUR The Euro rose on Friday as figures that showed a stabilizing within the Euro zone economy helped propel the single currency. The German IFO Business Sentiment Index rose for a fourth straight month to its highest level since October of 2008. Initial estimates had shown that the Euro zone services and manufacturing sectors contracted less sharply than was expected. At the close, the Euro was up .35% to the US Dollar to 1.4202, up .25% to the Yen to 134.75, up .65% to the British Pound to .8645, down .05% to the Australian Dollar to 1.7343 and up .22% to the Swiss Franc to 1.5197. GBP The British Pound Sterling fell broadly after an official data release had shown that the British Gross Domestic Product fell 0.8 percent in the second quarter of 2009 and was an overall 5.6 percent lower for the year. This was the steepest fall since they began keeping these records in 1955. The numbers were also far worse than analyst’s forecasts of 0.3 percent decline. At the close the Pound was down .3% to the US Dollar to 1.6423, down 1.2% to the Japanese Yen to 155.79, down .19% to the Swiss Franc to 1.7571, down .45% to the Canadian Dollar to 1.7844 and down .25% to the Australian Dollar to 2.0047. | ||||||||||||||||||||||||||||||||||||||||||
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