Euro Fall on Grim Outlook for Global Economic Growth

The euro fell today on the speculation that on the forthcoming meeting the Group of Twenty nations’ leaders would fail too achieve agreement on the way to deal with the European crisis.
The experts think that the U.S. politicians prefer the stimulus measures, while the European leaders lean to the austerity measures. Considering the radically different approaches, many don’t believe that the politicians would find the agreement. The U.S.gross domestic product rose by 2.7 percent, lower than expected, darkening the global growth outlook and further reducing the confidence in the euro.
EUR/USD traded at about 1.2302 GMT today after it opened at 1.2333.

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