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European Commission expects Eurozone growth rate to pick up in 2013

European Commission's economic forecasts published on Friday suggest that in 2013 we will see a gradual recovery in economic activity in the Eurozone. It should initially be driven by an improvement in external demand and later by an increase in domestic investment and consumption.
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Forex: EUR/USD in fresh lows on ECB data

The single currency breached Thursday’s lows, extending the decline to the proximities of 1.3150 after the ECB informed that 365 banks would repay €61.1 billion of the second 3-year LTRO, lower than the €122.5 billion expected...
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