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EURO: Italy and Spain's slightly disappointing PMI performance is doing little
to deter the euro's performance today. EUR/USD sits at the best levels since
August as the broader weak dollar theme from the tail-end of 2017 has filtered
through today. Next resistance could come ahead of the 2017 highs of $1.2092, a
break of which would open technical levels not touched since 2014. French and
German manufacturing PMIs both due ahead of 0900GMT - however these are final
numbers and are expected unrevised.