The Euro (EUR) the EUR/USD spiked higher to above 1.4200 on the EUR/CHF move before reversing on the debt crisis fears to break 1.4000. EUR/CHF held above the 1.2000 level outlined by the SNB but the market is so far very cautious to push higher. July German Industrial orders fell -2.8% vs. 1.8% previously.   Looking ahead, German Industrial Output forecast at 0.5% vs. -1.1% m/m.
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