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Forex: EUR/USD eyes key 1.3070/75 on EMU CPI

FXstreet.com (Barcelona) - Buying interest keeps building up around the single currency on Friday, after the EMU CPI posted an annual raise of 1.8%, in line with forecasts albeit lower than January’s +2.0%. On a monthly basis, prices edged higher 0.4%, matching estimates.

Next on tap across the pond will be the inflation figures in the US economy followed by the NY Empire State Manufacturing index.

As of writing, the pair is up 0.41% at 1.3059
Next resistance levels align at 1.3075 (high Mar.12) ahead of 1.3111 (MA21d) and then 1.3129 (MA100d).
On the downside, a breach of 1.3000 (hourly low Mar.15) would aim for 1.2912 (low Mar.14) and finally 1.2881 (low Dec.10).

Forex: USD/CHF trading at 0.9534/35 after CPI data in EMU

The USD/CHF has fallen in recent moments on the heels of economic data out of the EMU that was largely in like with projections Friday. The pair is now establishing session lows, though ultimately is still operating at a healthy margin above the 0.9400 mark. At the time of writing the cross is trading at 0.9434/35, down -0.39%.
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EMU: Labor Cost increases by 1.3% in Q4

The Eurozone Labor Cost grew 1.3% in Q4, following a 1.8% increase the previous quarter, according to data released today by Eurostat.
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