News Headline Summary

According to sources, German government to cut 2013 GDP growth forecast to 0.5% from 1.0%

- 2013 GDP forecasts not yet confirmed, issues to be discussed in cabinet on Wednesday.

Reaction details:

- In an immediate reaction, EUR/USD spiked lower from 1.3353 to 1.3343.

Print 06:57, 15 Jan 2013 - Economic commentary - Source: Newswires