Thursday, January 10, 2013

EUR/USD Jan. 10 – Rising Ahead of ECB Despite German Weakness

EUR/USD remains steady, despite more weak economic data out of Germany. On Wednesday, German Industrial Production was released. The news was not pretty, as the manufacturing indicator increased by a paltry 0.2%, well below the market forecast. In other news, the ECB holds a policy meeting on Thursday, its first of the year. The ECB is not expected to change its benchmark interest rate of 0.75%, but the
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