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Dollar Remains Safe Parking Lot For Funds

The U.S. dollar is expected to hold its own as a safe-haven currency in the near term as risk aversion in the global financial markets remains amid the euro zone's troubles.

USD Gains as Dash to Safe Haven Currencies Gathers Pace Over Eurozone Fears

The U.S. dollar’s status as a safe-haven currency in risk aversion mode gains momentum again, as investors avoid risky assets amid intensifying concerns over the euroarea crisis. Besides, other safe-haven currencies such as Japanese yen (JPY) and Swiss franc (CHF), which also attract investors’ attention in risk-off environment, seems to be out of favor as their respective central banks doesn’t intend to see them appreciate.

German GDP Rebounds Sharply, Avoids Recession

German economic growth rose well above expectations in the first quarter this year, proving that the contraction in country’s gross domestic product (GDP) in the fourth quarter last year was not the start of recession.

Strong GDP Data Lends Support to EUR

The euro (EUR) rose against its major counterparts on Tuesday following the release of better-than-expected growth data in Germany and eurozone, although concerns over Greece exiting the eurozone remain intact weighing on the single currency.

Will Euro Touch Its 2012 Lows?

The downtrend in the euro (EUR) seems set to last in the coming weeks as the single currency continues to come under pressure due to political uncertainty, sovereign debt crisis, and deepening recession in the eurozone.

Slowing Chinese Economy Yet to Find a Bottom

The slowing Chinese economy seems to have not yet found a floor as the latest trade data shows further evidence that the world’s second largest economy is still struggling to post a strong rebound.