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Forex Fundamental Analysis: The EUR/USD renewed the day high

Forex Fundamental Analysis: The EUR/USD renewed the day high

The EUR/USD renewed the day high

12 January 2015, EUR/USD

Euro

The euro fell against the dollar during the previous session. Besides the sentiments, formed amid the ECB policy, the eurozone economic statistics had impact on the Friday’s trades that showed mixed results. It is expected that the November industrial production will show a month increase and the year drop by 0.4% m/m, -0.6% y/y vs. 0.2% m/m, 0.8% y/y and the foreign trade results may show a surplus reduction in the same month to 19.4 billion from 20.6 billion euro.

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