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Eurozone: Annual PPI rises less than expected in February

FXstreet.com (Barcelona) - On an annual basis Eurozone PPI increased 1.3% in February, down from the 1.7% rise registered the previous month, Eurostat reported on Thursday. Analysts expected 1.5% growth.

Month-over-month Eurozone PPI climbed 0.2%, following a 0.4% increase and slightly above forecasts of +0.1%.

Forex: EUR/NOK drops to lows after sales in Norway

The Norwegian krone is extending its strong momentum against the single currency, appreciating for the second consecutive week after Retail Sales in the Nordic economy expanded at a monthly pace by 0.5%, while...
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Forex: EUR/GBP erases gains after disappointing EMU Services PMI

Coming from flat movements of the Asian session, the EUR/GBP rose above the 0.8500 mark and printed its daily high at 0.8521 ahead of the EMU March Services PMI by Markit. Overall disappointing data triggered a retracement of gains back to the opening price, with a quick stop at 0.8478 low. UK Markit Services PMI was also released and rose from 51.8 to 52.4, beating 51.5 consensus.
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