Euro Gains Against Dollar as Fresh Eurozone Economic Data Looms
By Scott Kanowsky The euro inched higher against the dollar on Friday, with investors weighing key European economic data as well as the implications of contracting U.S. growth and Federal Reserve interest rate hikes. At 02:52 EST (0652 GMT), the EUR/USD was trading up by 0.40% at $1.0237. The spotlight today will fall on the Eurozone gross domestic product figures for the second quarter. Economists are calling for GDP to rise 0.2% during…