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EUR/USD slips after bad German trade data

By   || March 10, 2010 at 07:46 GMT
|| 1 comment || Add comment

German January trade surplus  came in at s.a 8.7 bln euros, down from 16.6 bln in December, and demonstrably weaker than median forecast of 16.0 bln.  The news hit the euro with EUR/USD falling to 1.3562 session low.  There is some wariness of sovereign buy interest down around 1.3550 and we’ve recovered to 1.3570 at writing.

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One Response to “EUR/USD slips after bad German trade data”

  1. fun9 on March 10th, 2010 09:38 GMT

    German trade surplus is more than China’s. Shouldn’t RMB depreciate against EURO?

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