Italy Trade Balance EU: €1.445B (November) vs €-2.123B
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EUR/USD recovers post US-data, reaches fresh weekly highs
The US Dollar came under renewed selling pressure following the release of US data. The Producer Price Index rose at an annual pace of 6.2% in December, contracting from the previous 7.3%. Also, Retail Sales fell 1.1% in December, much worse than anticipated. EUR/USD extends advance towards 1.0900.