At 10:00 GMT markets got to know the results of November industrial production in the euro zone. Reported results were significantly better than analysts’ forecasts, in addition October data was also revised up.
- Industrial Production MoM 1.5% vs. 0.5%, previous -0.1% (revised up to 0.1%)
- Industrial production yoy 3.2% vs. 1.6%, previously 0.6% (revised to 0.8%)
In the case of dividing by countries, November value for Poland also proved to be very beneficial, rebounding from negative growth observed in September and October. The final result is +2.1%.
At the EUR/USD quotations we don’t see excessive euphoria. EUR/USD admittedly continued to rise yesterday, but stopped at 1.06570 and since then is correcting. Support 1.0622 is determined by session highs from Wednesday:
