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The Euro area is more about politics than macro data this week – JPM

FXstreet.com (Barcelona) - The economic calendar out the Eurozone will be active the next few days, with some important data due out which could have impact on the currency over the coming sessions. According to analysts at JP Morgan, “The most important releases are Euro area trade Monday, German Zew Tuesday and balance of payments Friday.”

They went on to add, “On Thursday, however, Italian parliamentarians will start the process of electing a successor to President Giorgio Napolitano. The conclave will require several days to conclude and it an important litmus test for the chambers’ ability to clear the uncertainties left by February elections. Note there is still no firm timeline for selecting Italy's next Prime Minister.”

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