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UK: CBI Industrial Trends Survey – Orders plunges to -25 in April

FXstreet.com (Barcelona) - The UK CBI Industrial Trends Survey – Orders fell to -25 in April from -15 in March, according to data released today by the Confederation of British Industry. Analysts expected a slight improvement to -14.

Forex: USD/CAD upside blocked at 1.0285 ahead of Canada retail sales

The USD/CAD is stronger today as disappointing news coming from China and Germany pressure risk takers. The cross rose to test yesterday’s high of 1.0286 by mid-European session and is now erasing some gains, at 1.0267.
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Forex: EUR/USD holds just below 1.3000 ahead of NY session

The EUR/USD is drowning below the 1.3000 handle after a tumble on the European opening that coincided with market disappointment following the Germany PMI. The pair fell from 1.3083 high to as low as 1.2974, but the market is still respecting the support at 1.3000/1.2995.
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