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Forex: USD/JPY eases to 94.20 on US GDP

FXstreet.com (Barcelona) - The cross posted a short-lived knee-jerk reaction to the area of 94.20 after the US economic activity posted an annualized expansion of 0.4% during the fourth quarter of 2012, banging on forecasts and lower than the previous 3.1% advance.

Further US data showed that Initial Claims rose to 357K in the week ended on March 24, exceeding the 340K estimated.

At the moment, the cross is down 0.12% at 94.26 and a dip beyond 93.88 (low Mar.28) would clear the way to 93.81 (Kijun-Sen line) and then 93.53 (low Mar.25).
On the flip side, resistance levels are located at 94.43 (MA100h) followed by 94.80 (Tenkan line) en route to 94.6 (MA200h).

Forex: EUR/CAD eases to 1.3012/13 on Canadian GDP

The EUR/CAD has edged lower on the release of upbeat Canadian data Thursday, having fallen from a session high of 1.3039 during US trading. While still trading positively at +0.18%, the pair is now settled at 1.3012/13 at the time of writing.
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Canada: Industrial product price higher than expected, at 1.4% in February

Industrial product price in Canada rose 1.4% in February, more than the 0.4% expected, and at much higher pace than the previous month’s 0.1% (revised from 0.0%). Raw Material Price eased from 3.8% to 2.2%, but was able to stay higher than market consensus at 2.0%.
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