Germany Mar Industrial Production s.a. (MoM) rises to 1.2% vs 0.6% in Feb. (YoY) -2.5% vs. -1.7%.
May 8, 2013
Forex: USD/JPY pares losses to trade at 98.88/90
The USD/JPY has continued moving higher off of the 98.75 level Wednesday, tracing a recovery of nearly 10 pips throughout the European session thus far. While the cross remains in negative territory, down -0.10% off its opening, it has however ascended back to the 98.88/90 level in these moments.
Forex: EUR/USD surges past resistance to 1.3138/45
The EUR/USD has been one of the more active pairs Wednesday, despite the palpable respite in economic data and catalysts during the European session. However, this tranquility has been broken by the release of economic data in Germany, which has come on the heels of a 32-pip surge in recent moments. At the time of writing, the cross is negotiating an exchange of 1.3138/45, trading near session highs and notching an advance of +0.45%.