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Stronger-than-expected German Saxony....>

EURO-DOLLAR
EURO-DOLLAR: Stronger-than-expected German Saxony CPI (+2.3 Y/Y, +0.4 M/M -
Above Pan-German median survey of +2.0%), lifts EURUSD 10 pips to $1.1716 before
fading. EUR continues heavy following the earlier Italian headlines with
near-term support at $1.1691 from the intraday low. Rates pares all react gains
at typing, last $1.1702. 

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