London Session |
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Poor economic data results out of the Euro-zone helped the buck extend gains against the common currency. German wholesale prices fell -1.8% in August after jumping 1.4% the prior month, while the unemployment rate there rose to 7.3% in June from 6.6% previously. Adding to the employment woes, French nonfarm payroll growth was revised down to -0.2% from -0.1% for 2Q. Thus the lower inflation coupled with slowing economic activity story continues to play out in the
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