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EMU: GDP falls 0.6% in Q4, as expected

On a quarterly basis Eurozone GDP decreased 0.6% in Q4, following a 0.1% drop registered the previous quarter, according to second estimates released today by Eurostat. This result is in line with market consensus.

Year-over-year GDP s.a. fell 0.9% in Q4, after sliding 0.6% in Q3, as expected.

Forex: USD/CHF surges to 0.9449/51 after GDP data in the EMU

The USD/CHF has moved higher Wednesday during European trading, establishing fresh highs at 0.9449/51 on the heels of economic data out of the EMU. The pair seems to be one of today’s top performers, securing a steadfast gain of +0.42% thus far.
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Forex: EUR/USD keeps lows after EMU GDP

The shared currency is hovering over session lows in the vicinity of 1.3030/35 after the economic activity in the euro area came in in line with market consensus for Q4, contracting 0.6% inter-quarter and 0.9%...
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