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EUR/USD was already on the move up......>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: EUR/USD was already on the move up into the release of Germany
flash PMI data, the rate having broken back above $1.300, off its earlier
pullback low of $1.1283, touched $1.1314 before it only got an added lift to
$1.1316 on data release. Germany flash Mfg and Services PMI data came in
stronger than forecast, Composite met expectations. Profit take sales seem to
have greeted the initial data react, rate dipped to $1.1305 but has edged back
to $1.1310 at writing.  
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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