German Industrial Output falls unexpectedly

Wednesday, 8 June 2011 02:26

As the Euro opened high at 1.4693 against the U.S Dollar; a volatile nature was observed throughout the day as the pair jumped from the opening high to 1.4650 before gaining again to 1.4570; only to fall again after euro nation news that Germany’s Industrial Output was released lower than expected. EUR/USD fell to 1.4622 shortly after the announcement.

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