EUR/USD continues to weaken, following yesterday’s (Nov. 7th) losses. The euro improved after President Obama won Tuesday’s US election, but has lost ground since. EUR/USD reacted negatively as German industrial production fell 1.8% in September, well beyond expectations of a 0.5% decline. As well, German Trade Balance declined, falling below the market estimate. The markets are also concerned with the fiscal cliff, which if unchecked, could send the
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