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EUR/USD slightly pares gains after failing to capture 1.0900
The Euro (EUR) couldn't extend its recovery rally against the US Dollar (USD) and saw a slight decline for Wednesday. Pan-EU Industrial Production came in worse than expected early Wednesday, with the month-on-month figure for September printing at -1.1%, a sharp decline from the previous month's 0.6% and dipping past the forecast -0.7%. The EUR/USD broadly mixed through Wednesday's trading after the data miss, with Euro traders hesitating on further EUR bids. The annualized Core (less food & energy) US Producer Price Index (PPI) for October came in at 2.4%, missing the expected steady print of 2.7%. US Retail ... (full story)