The Dollar has remained on a firm footing while Euro underperformance has been a side theme so far today. EUR-USD has printed fresh a 13-day low, at 1.1331, putting the pair in the lower reaches of the broadly sideways range that’s been unfolding for some three months now. EUR-JPY also fell to one-week lows, and EUR-CHF to nine-day lows. Incoming Eurozone data has continued to paint a picture of slowing momentum, the latest being an unexpected 0.4% m/m contraction in German industrial production in December.
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