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Forex: EUR/USD keeps 1.3200 on Germany data

The bloc currency stayed put after the German GDP expanded in line with expectations during the fourth quarter. The German economic activity contracted 0.6% QoQ and grew 0.1% on a yearly basis, matching forecasts.

The euro remains in the low 1.3200s, waiting for the IFO series and some second tier data from Italy.

At the moment, the cross is up 0.16% at 1.3211 facing the next hurdle at 1.3280 (Kijun line) followed by 1.3367 (MA10d) and then 1.3440 (MA21d).
On the upside, a dip below 1.3165 (76.4% of Jan-Feb rise) would bring 1.3039 (low Jan.10) and finally 1.3018 (low Jan.7).

Germany: GDP n.s.a (YoY) in 4Q grows 0.1%; GDP w.d.a. (YoY) up 0.4%

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Germany: GDP falls 0.6% in Q4, as expected

On a quarterly basis German GDP s.a. decreased 0.6% in Q4, compared with 0.2% growth registered the previous quarter, according to data released today by Destatis. This result is in line with market consensus.
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