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Mixed US PMI data sends dollar lower- EUR/USD lifts towards 1.05 again

The US flash PMI data has just been released and it was a mixed bag. Manufacturing beat estimates, rising from 49.4 to 50.1. However, services fell back markedly, to 52.8 from 56.8. The markets were expecting a number around d 56.5. The dollar fell immediately upon seeing this data. The EUR/USD spiked towards that 1.05 handle again. Earlier the Euro had fallen back to 1.0464, from an earlier high at 1.0515. So as you can see it held onto the breakout support level, at 1.0458. It has just lifted to 1.0493 on this news. It is currently trading at 1.0483

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