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EUR/USD Falling to a Support Cluster Following US Manuf Data

posted by Avatar FXTimes 388 days ago in EUR, Technical, Fundamental made popular 388 days ago

The US ISM Manufacturing PMI for April improved to 54.8 from 53.4, beating forecast of a slide to 53.0. The market showed risk appetite as we saw the S&P 500 popping up higher. Normally risk appetite pressures both the and the JPY. However, the better than expected US data also helps the USD in that it chips away at the prospect of QE3...
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