Euro Rises on German Grow. Can Rally Be Sustained?

The euro extended its rally against greenback for the third day today as the Bundesbank raised its forecast for Germany’s economic growth.

The rally may be short-lived, though, as other countries of the European Union aren’t likely to repeat the German economic growth. Most analysts aren’t convinced that the European troubles would be solved in the near future as the European official just saying that everything will be okay instead providing the real solution to the problems.

EUR/USD rose from 1.3208 to 1.3242 as of 13:14 GMT today.

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