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EUR/USD: inflation taking center stage this Thursday
Easing risk aversion helped major pairs correct this Wednesday, with the dollar easing against its high yielding rivals and recovering against those considered safe-havens. Headlines indicating that the two major Italian parties are willing to form a coalition and that they withdraw Savona candidacy as economy minister spooked fears. Backing the common currency were German data, which showed that despite the economic growth in the Union has decelerated, it remains far from being at risk. Retail Sales in the country were up 2.3% in April, beating market's expectations of 0.7%, although the yearly reading was softer ... (full story)