US Session - Eurozone GDP Surprise: Thu, 15 May 2008 20:04:17 GMT

G10 Advancers and Decliners vs USD JPY .50 CHF .13 GBP .10 EUR .07

The Usd traded slightly lower in the European session between the range of 1.54 and 1.55. Fed commentary remains optimistic regarding the current state of the US economy, but hesitant to state the credit crisis is over yet. Surprisingly strong economic data was released in the Eurozone. GDP growth was higher than expected y/y at 2.2% vs. 1.9% exp. With Germany showing particularly...