EUR/USD rose to $1.2949 after new Democracy party leader says still hope for govt. Currently the pair at $1.2945. Above $1.2950 resistance seen in $1.2980 area.

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11 May 2012

EUR/USD rose to $1.2949 after new Democracy party leader says still hope for govt. Currently the pair at $1.2945. Above $1.2950 resistance seen in $1.2980 area.

FTSE 5,541.93 -2.02 -0.04%, CAC 3,122.66 -7.51 -0.24%, DAX 6,527.97 +9.97 +0.15%

United Kingdom: Producer Price Index - Output (YoY) , April +3.3% (forecast +2.9%)

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