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Euro Rises But Pound Trades Heavy Despite Positive Data

posted by Avatar fx360 955 days ago in USD, JPY, Manufacturing made popular 955 days ago

Better economic data out of Europe and UK helped to lift the euro and stabilize the pound while yen weakened after worse than expected Tankan survey along with more risk flows helped push USD/JPY to 9700 in late Asia trade. In Germany retail sales improved for the third month in a row rising 0.4% vs. 0.0% expected and helped to rally the EUR/USD
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