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EUR/USD- Euro Posts Gains Despite Weak German Data
The euro has posted gains in Tuesday trading, as the pair has pushed above the 1.31 line in the European session. There are numerous releases out of both the Eurozone and the US on Tuesday, so the markets will be busy reviewing all these numbers. In the Eurozone, German ZEW Economic Sentiment dropped in June and came in well below the estimate. There was better news from the Eurozone ZEW Economic Sentiment, which climbed to a four-month high. Eurozone inflation data matched the forecast, and Italian and Eurozone Trade Balance beat their estimates. In the US, Tuesday’s major event is Core CPI. German ZEW Economic ... (full story)
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