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German Industrial Production jumps 1.5% MoM in November vs. 0.5% expected

Germany’s industrial sector staged a turnaround in November, according to the latest data published by Destatis on Thursday.

In the Eurozone’s economic powerhouse, industrial output jumped by 1.5% MoM, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, against the estimated 0.5% rebound and a 1.0% drop in October.

Germany Industrial Production n.s.a. w.d.a. (YoY) climbed from previous -4.5% to -2.8% in November

Germany Industrial Production n.s.a. w.d.a. (YoY) climbed from previous -4.5% to -2.8% in November
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USD/CHF gathers strength above 0.9110 amid bullish US Dollar

The USD/CHF pair gains traction to around 0.9115 during the early European trading hours on Thursday, bolstered by the stronger US Dollar (USD).
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