Forex News

[AP] - OUTLOOK IMPROVES: The European Central Bank raised its growth projections for the 16-nation eurozone after better-than-expected economic news.

[at Financial Times] - The European Central Bank on Thursday forecast that the eurozone would expand this year and in 2011 much more strongly than previously expected, ruling out a double dip back into recession.

[AP] - The dollar fell against other major currencies Thursday ahead of a key U.S. jobs report. The euro rose after the European Central Bank raised its forecast for the region s growth.

[at Reuters] - * Spanish, French bond auctions support euro * ECB leaves interest rates on hold as expected * Markets await monthly U.S. payrolls report

[DailyFX] - The U.S. dollar could face increased selling pressures over the next 24 hours of trading as market participants anticipate the labor market to weaken for the third consecutive month in August, and the data is likely to reinforce a dour outlook for the world’s largest economy as private sector spending remains one of the leading drivers of growth.

[AP] - A look at economic developments and activity in major stock markets around the world Thursday: ------ BERLIN -- The European Central Bank raised its growth projections for the 16-nation eurozone, but stressed that the outlook remains uncertain and said its effort to keep banks supplied with credit would stay in place for the rest of the year.