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The economic growth for your European Union is a dismal 8.6 percent and solely 0.5 percent across the seventeen nation eurozone. Exact same figure was forecasted at 1.8 percent earlier previously year. Five members of your European Union (Belgium, Cypress, Malta, Poland and Hungary) were even told cut their budgets or possibly face receiving sanctions. The GDP is predicted to stagnate around the beginning of the 2012. The unemployment rate throught the EU is anticipated to fall by easy to access . quarter percent, to approximately 9.25 percent in the upcoming year. While inflation is expected to average around 2 percent.
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They choose the three highest yielding currencies and sell the three lowest yielding currencies. It like the carry purchase and sell. Not only do they capture the difference in yield, but they have found that profit using the movement within the currencies.