S&P affirms Germany's top AAA credit rating

Standard & Poor's Ratings Services announced on Friday its decision to maintain Germany's sovereign credit rating unchanged at AAA, with a stable outlook. The agency justified its decision by saying that they see the German economy as competitive and resilient, “with a demonstrated ability to absorb large economic and financial shocks.”
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EUR/USD bid overnight ahead of Non Farm Payrolls

EUR/USD traded in a tight range overnight, but was fairly bid, with spot gently climbing from its openling low at 1.3600 to post a morning high at 1.3618.
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