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Germany: Import Price Index rises 0.3% in February

FXstreet.com (Barcelona) - The German Import Price Index increased 0.3% in February, up from 0.1% registered the previous month, according to data released by Deutsche Bundesbank. Market consensus pointed to slightly less growth of 0.2%.

On an annual basis the German Import Price Index fell 1.6%, following a 0.8% drop and in line with expectations.

Switzerland: UBS Consumption Indicator up to 1.26 in February

The Swiss UBS Consumption Indicator rose to 1.26 in February, from 1.15 registered the previous month, UBS informed on Wednesday.
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Forex Flash: EUR/USD directly offered while below 1.3037/50, targets 1.2679/61 – Commerzbank

Commerzbank analysts have a negative outlook as the market remains directly offered intraday below 1.3037/50 and targets 1.2679/61 (61.8% Fibonacci retracement of the July-to-January rise and the November 2012 low), “Longer term we target the 78.6% Fibonacci retracement at 1.2400 and then 1.2042, the 2012 low”, wrote analyst Karen Jones.
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