Tuesday, 15 January 2013

EUR/USD pares back gains on soft industrial output data

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The euro traded higher but gave back earlier gains against the dollar on Monday after Eurozone industrial output figures came in slightly softer than expected.
 
A surprisingly bullish take on the Eurozone economy among ECB governors sent the pair to highs not seen since early 2012 in recent sessions.
 
In U.S. trading on Monday, EUR/USD was trading up 0.17% at 1.3366, up from a session low of 1.3233, and off from a high of 1.3404.

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