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The December reading of the US NFIB small business optimism index has just been released. The markets were generally expecting another positive reading for last month. The prior reading, at 101.70 was forecast to improve to 102.10. It has just been released at. 105.10. It is worth noting; that quite often the impact of this data is minimal and sometime latent at best, but on this occasion it is a very good number. All the same, the EUR/USD has nudged a couple of pips lower upon seeing this data. As to whether it has a more lasting impact ahead of the more important PPI data (at 1.30pm GMT) remains to be seen. Earlier the EUR/USD tried to get above the Asian high, at 1.0278, but the move stalled at 1.0275. It is currently trading at 1.0258
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