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USD Slightly Firmer Amid European Growth Concerns

LATAM
  • With the EUR weaker across the board on increased growth concerns indicated by weaker PMI data, the greenback has been a marginal beneficiary, putting the USD Index back above the 107 level but still comfortably off the Monday highs of 108.036.
  • Focus going forward turns to the prelim US PMI data that's still expected to show a modest rise in activity, as well as Canadian retail sales for May.

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