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Germany: Annual Industrial Production decline accelerates in January

German Industrial Production fell 1.3% in January, down from the 0.5% drop registered the previous month, according to data released today by Destatis. Analysts expected slightly less decrease of 1.2%.

Month-over-month Industrial Production remained flat in January, after growing 0.6% in December and against forecasts of a 0.5% rise.

Forex: EUR/JPY takes profit at 125.64 after German industrial production

The EUR/JPY is insisting on the upside during the European morning as the Yen shrinks its value and the Euro boosts on rising risk sentiment. Having regained the 125.00 ground on the European opening, the cross rose easily to 125.64 high ahead of German industrial production.
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Forex: EUR/USD advances to fresh weekly highs

The euro saw a quick jump versus the dollar and reached fresh weekly highs just before the release of German Industrial Production. EUR/USD rose above the 100-day SMA (1.3124) and stretched to its highest level in 8 days at 1.3135.
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