The Euro (EUR) was under pressure due to conditional support for Spanish bonds from China and comments from the Swiss National bank that they would no longer accept Irish debt as collateral. German Services PMI was strong at 59.2 vs. 58.3 previously. EUR/USD traded with a low of 1.3129 and a high of 1.3327 before closing at 1.3150. Looking ahead, November German Industrial Orders is forecast at 0.9% vs. 1.6% previously m/m.
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