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Euro is supported by the latest strong development data in Euro zone. The data released this week suggest that growth and inflation are strengthening in Europe. Let's start with Germany, which is the locomotive economy of Europe. Consumer Price Index (CPI) increased by 1.7 % in December compared to the same period of the previous year and was well above the market expectation. Consumer inflation, which has the highest value since July 2013, is positive for the Euro. Another improvement confirming the increase in inflation was the rise in the PPI. There are also some other positive developments on the Euro market. The week before we leave for Europe shows that the Purchasing Managers' Index (PMI) figures may outperform the region's 2016 quarter-end estimates. In December, the German construction sector Purchasing Managers' Index (PMI) was 54.9 points, while the retail sector index rose to 52 points, indicating that the contraction in the sector was over.

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