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China is all set to lower tariffs on imports of certain goods starting from January 1st, 2020. The move comes ahead of a much-anticipated trade deal with the United States. The decision will lower the tariffs on over 850 goods. So far, there hasn’t been any official confirmation of when the trade deal will be signed. Equity markets were trading weaker despite the news that seems to be positive towards the trade deal.
Germany Import Prices Up 0.5%
Import prices in Germany grew 0.5% on a month over month basis in November. On an annualized basis, import prices were up 2.1%, excluding oil and minerals. The data was better than the estimates of a 0.1% increase. It also reversed the 0.1% decline from October.
EURUSD Bounces Off Support
Eurodollar fell to the support area of 1.1072 before posting a modest rebound. The currency pair could consolidate within the range of 1.1100 and 1.1072. If the consolidation co...
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