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EMU: Annual Industrial Production contraction slows down in December

Eurozone annual Industrial Production w.d.a. dipped for the thirteenth consecutive month in December by 2.4%, following a 4% decrease in November, Eurostat reported on Wednesday. This result is in line with projections.

On a monthly basis Eurozone Industrial Production s.a. rose by 0.7%, compared with the previous reading of -0.7% and above expectations of growing 0.2%.

Forex: EUR/GBP above 0.8600

With the downside blocked at 0.8575 area, the EUR/GBP found no other way but to move higher starting in early European morning. The opening of stock exchanges triggered a break above the 0.8600 mark, quickly limited around 0.8610/15.
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Forex: EUR/USD keeps the 1.3475/80 region after EMU data

The shared currency remains in the 1.3475/80 region on Wednesday, after the industrial production in the euro bloc expanded 0.7% on a monthly basis during December, beating expectations...
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