Germany: Import Price Index rises in November against forecasts

FXstreet.com (Barcelona) - The German Import Price Index grew 0.1% in November, compared with the 0.7% drop the previous month, Deutsche Bundesbank informed on Monday. Analysts expected a 0.2% contraction.

On an annual basis the Import Price Index increased by 2.9%, following -3.0% and against forecasts of a 3.1% drop.

EUR/USD ranges into European session

Having made an overnight high at 1.3695, EUR/USD was unable to gather any upside momentum, and spent the majority of the Asia session testing its session low around 1.3667.
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USD/JPY flatlines into Christmas countdown

The usual festive withdrawal of liquidity, combined with a local holiday, looks to have hit USD/JPY this morning, with the pair restricted to a Scrooge-like range between 103.93-104.07 despite the impressive moves of late.
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