French Economic Contraction Eases Further In June

Tuesday, June 23, 2009

France's economic contraction moderated for a fourth consecutive month in June as a smaller decline in manufacturing activity outweighed a sharper-than-expected contraction in services, data showed Tuesday.
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DATA SNAP: French Jun Business Sentiment 75 Vs 73 In May

French business sentiment improved in June, as business leaders were slightly more optimistic about both past and future production, data showed Tuesday.
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USD/JPY: Dollar drops to 95.10 support

The Dollar has weakened further during Monday's Asian session and, decline from 97.20 Friday's high has extended to levels below 95.00, as the Dollar reached 94.99 low to bounce to 95.30 at the moment of trading.
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UPDATE: French May Consumer Spending Falls More Than Expected

French consumer spending on manufactured goods fell more than forecast in May, data showed Tuesday, indicating that the main growth engine of the euro zone's second-largest economy may be running out of steam.
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