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Rally of EUR/USD Ends on Poor Data & Spanish Debt Auction

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This post by ForexBlogger has been reprinted from Forex Blog.

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EUR/USD ended its five-day rally today, after reaching the highest level since October 17, as the macroeconomic data from Europe was poor and Spain failed to reach target on its debt auction. The US data was a bit better, though not stellar either. On the positive side, factory orders unexpectedly …

ForexBlogger @ December 5, 2012

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