According to Eurostat the statistical office of the European Union, Industrial production rose by 0.9% in the euro area in September 2022 as compared to the previous month. The production of non-durable consumer goods rose by 3.6% and capital goods by 1.5%, while the production of intermediate goods as well as durable consumer goods fell by 0.9% and energy by 1.1%.In the EU, the production of non-durable consumer goods rose by 3.1% and capital goods by 1.7%, while the production of intermediate goods as well as durable consumer goods fell by 0.6% and energy by 2.0%. This industrial production data provided the near-term catalyst for the Euro and the price is currently testing the 200-day exponential moving average on the daily chart.
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