Euro stays well supported after German CPI data
On Thursday, EUR/USD held close to the 1.36 mark as a rebound in German inflation questioned the room for more ECB easing. The yen remains in the defensive. EUR/JPY is testing the 2009 high. Sterling was also in good shape. The UK currency is nearing key resistance against the euro and the dollar as the BoE removed FLS support for mortgage lending.
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KBC