The Euro (EUR) fell a full cent due to dollar strength as the rally this week retraced to under 1.3600. EUR/JPY was very well supported from the move higher in USD/JPY and could break higher in coming session if US data continues to improve. Overall the EUR/USD traded with a low of 1.3576 and a high of 1.3730 before closing the day around 1.3600 in the New York session. Looking ahead, German January CPI is forecast at -0.5%.
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