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FEB 04, 2013 - Zero Hedge

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Spanish Data Halts Euro Rally

Spanish Data Halts Euro Rally Justin Burkhardt | FXFocus.com Back to square one. Spain is in the spotlight once again with data unsettling enough to shatter the Euro’s 4 month rally against the dollar. Record unemployment coupled with depressing growth data and political woes paint Spain to look like a sinking ship.   Spain’s Gross Domestic Product (GDP) contracted 1.8% in the fourth quarter of 2012 from the year prior. The news just added coal to the fire, coming only one day after the announcement that Spain’s retail sales had fallen 10.7% in Q4 compared to a year ago. This is the ... Read More

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