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DAX edging lower in early trading

The DAX reopened higher this morning, at 16,977. Hence, the opening level did not exactly threaten the 17k handle today, despite the futures prices earlier indicating that it might. The price action has been to the downside so far since the opening, but in a pretty modest way. The EUR/USD has presently run out of steam for the time being and that is perhaps a drag on the DAX. Of course all this can change at the drop of a hat, but for now the DAX is leaking a little lower, currently trading at around 16,966 

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