The appreciation of the Euro was brought by the better-than-expected economic releases. The German Preliminary Gross Domestic Product (GDP) jumped by 0.3% in the Q2. The GDP report measures the change in the inflation-adjusted value of all goods and services produced by the economy. The positive report boosted talkings among traders about the German economy sooner recovering, as many expertswrongly forecast that the German economy will only pull out of recession by the middle of 2010.
