Dollar Strength Depends on US GDP

Risk FX made a round turn in early European trade after selling pressures in Asia sent EUR/USD to a fresh six month low. EUR/USD tumbled to 1.3912 in morning Tokyo dealing after Nikkei dropped more than -2% on weakness in the exporter sector, but the pair staged a recovery in Europe after EU Monetary Affairs Commissioner Joaquin Almunia calmed fears regarding the fiscal problems of Greece.