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EUR/USD Rise on European PMI

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This post by ForexBlogger has been reprinted from Forex Blog.

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EUR/USD rose today as the eurozone composite Purchasing Managers’ Index pleasantly surprised traders by rising, while no change was expected. (Event A on the chart.) Yesterday, the currency pair sank amid political turmoil in Spain and Italy. The reports from the United States were not particularly good, but were not …

ForexBlogger @ February 5, 2013

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