The Euro recieved a hopeful sign to get back a stronger position against the US Dollar, but continued to decline after the better-than-anticipated economic report on Germany.
German industrial output and the country’s exports grew more than anticipated in November, suggesting lingering expansion in the Europe’s biggest economy in this year, ignoring political deadlock, when new coalition government was not formed. Industrial production gained 3.4% in November, the strongest gain since late 2009, the Federal Statistics Office reported. Meanwhile, exports increased at a seasonaaly adjusted 4.1% pace, while imports added 2.3% in the same month. Both readings pushed the trade surplus to €22.3B from €19.9B registered in October.
