The euro was mixed today as traders wait for news from the United States concerning the debt ceiling debate. Data from Europe was mostly good, though some economic indicators might be considered worrying.
Eurozone industrial production expanded 1.0 percent in August from July on a seasonally adjusted basis, exceeding analysts’ expectations of 0.8 percent growth. German import prices grew 0.1 percent in August from July, while the median forecast has promised no growth. At the same time, import prices were down 3.4 percent from August 2012, the biggest slump since November 2009. Export prices were unchanged on a monthly basis and fell 1.0 percent year-over-year.
The Forex market was mostly quiet as traders were waiting for US politicians to find a way for ending the current stalemate. Monday’s trading was also less active than usual because of the Columbus Day holiday in the United States.
EUR/USD ticked up from 1.3558 to 1.3568 and EUR/GBP rose a little from 0.8482 to 0.8486 as of 6:48 GMT today. At the same time, EUR/JPY slipped from 133.64 to 133.50.
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