Euro hits 1-week high vs dollar after EZ Q2 GDP

Euro zone gross domestic product contracted only 0.1 percent in April-June against the first three months of the of 2009, when the quarterly fall was 2.5 percent, estimates from the European Union's statistics office Eurostat showed [ID:nLD440556]. The euro EUR rose as high as $1.4281 according to electronic trading platform EBS, its strongest since last Friday. The pair traded around $1.4255 before the announcement.