EMU: Annual Industrial Production drops 1.3% in May

Year-over-year German Industrial Production declined by 1.3% in May, down from the 0.6% decrease registered the previous month, according to data released by Eurostat. This result is in line with market consensus.
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Flash: EUR/USD unlikely to survive long above 1.3000 - BTMU

Derek Halpenny, European Head of Global Market Research at the Bank of Tokyo Mitsubishi UFJ believes that despite supportive ECB commentary, EUR/USD is unlikely to survive long above 1.3000.
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