Germany decreases planned borrowing

Note: This section contains information in English only.
Source: RTTNews
Angela Merkel's cabinet approved a draft of budget for the upcoming year on Wednesday. The cabinet is aimed to decrease the country's net borrowing to 6.4 billion euros in 2014 from 17.1 billion, which were planned for 2013. The government also expects to have higher tax revenues in 2015, which will allow having a balanced budget during that year.
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Wed, 13 Mar 2013 12:10:03 GMT

Industrial output in Eurozone continues to fall

Eurostat revealed on Wednesday that industrial production of Eurozone experienced further decline during the first month of the year. Industrial production declined by 1.3% on a yearly basis in January, which was slower than a 1.7% fall in the preceding month. Analysts also expected a steeper fall of 2%.

Wed, 13 Mar 2013 14:07:46 GMT

AUD/USD retests the 20-day SMA

During Friday's trading session the pair sharply dropped to the weekly PP level at 1.0209, but today the pair has already regained its position and even surged above the 20-day SMA, which is currently located at 1.0257.

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