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Asia Pacific currencies hold their ground despite Chinese industrial production data miss. AUD/USD continues to show support, testing the 0.69 handle. USD/JPY spike upside tracking 108 #China #AUDUSD #EURUSD CP
Good morning from #Germany , which imports very little #oil from Saudi Arabia, but still suffers from higher oil prices b/c it consumes 2.3mln barrels/ day. Most of Germany's oil comes from #Russia , which imports 33 million barrels/ year. #Norway is 2nd most important oil source.