Euro Fails To Break Key Resistance Level

MARKET NEWS

Euro-supportive US and European developments failed to push the euro above $0.94 last week. Matthew Clements, economist at Prebon Yamane in London, looks at the euro's trading week

A relatively stable week of euro trading saw the currency little changed by Friday having once again failed to make a sustained break through $0.94.

Eurozone GDP growth in the fourth quarter of 2000 rose to 0.7% over Q3. More significantly, the annual rate now stands at 3.0% compared with only 1.1% in the US. The F