Euro rallies as Eurozone growth beats forecasts, US data disappoints
EUR/USD climbed to around 1.1460 on Thursday after stronger-than-expected Eurozone economic data contrasted with softer US growth figures, boosting the single currency.
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The euro gained ground against the US dollar on Thursday, with the pair trading near the 1.1460 level. The move came as European economic releases surprised to the upside, while separate US data showed slower growth than anticipated.
The contrast put pressure on the greenback, allowing the shared currency to extend its advance. Traders reassessed the relative growth trajectories of the two regions, favoring the euro in the short term.
Source: FXStreet Forex News