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Euro Trading Higher
World Economy

Euro Trading Higher

The euro rose 1.59% against the US dollar on and closed at 1.1284 late Monday, as Germany’s industrial production data surpassed market expectations, Investing.com reported. Data released indicated that industrial production in Germany rebounded 0.90% on a monthly basis, posting its biggest gain in 2015 and beating market expectations for a rise of 0.60%. In the previous month, industrial production had dropped by a revised 0.40%. Other economic data showed that the nation’s seasonally adjusted trade surplus narrowed to €22.10 billion ($24.9b) in April, from a surplus of €23.10 billion in March, albeit markets were anticipating a trade surplus of €19.40 billion.

 

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