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Forex: EUR/USD back to 1.3100 after Spanish data

FXstreet.com (Barcelona) - The single currency is gathering pace and is trading back around the 1.3100 level on Wednesday, despite the 6.5% annual contraction of the Spanish industrial output, missing the median and extending the negative momentum of the industrial sector in the Mediterranean country. Previous data showed that the industrial output in France advanced 0.7% in February, leaving behind January’s contraction of 5.0%.

Next on tap will be the Italian industrial output, expected to contract further to 4.3% in February from -3.6% previous.

At the moment, the cross is up 0.11% at 1.3099 with the next resistance at 1.3107 (high Mar.15) ahead of 1.3111 (38.2% of Feb-Apr slide) and 1.3135 (high Mar.80.
On the other hand, a break below 1.3006 (low Apr.9) would aim for 1.2963 (low Apr.8) and finally 1.2901 (MA200d).

Forex Flash: USD/JPY year-end forecast raised to 110.00 – UBS

The Australian dollar has seen some additional buying pressure over the past few days as investors anticipate outbound portfolio flows from Japan in the wake of the Bank of Japan's policy decision. Overnight however, stronger than expected China imports gave the AUD/USD another boost - especially on the back of the sharp increase in iron ore imports.
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Forex: USD/JPY jumps to 99.23/27

After falling below the 99.00 level briefly during the overnight session (98.91 daily low), the USD/JPY is back on track and trading positively. Ahead of the FOMC minutes later today, the cross is operating in positive territory at 99.23/27, having advanced +0.23% above its opening thus far.
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