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Disappointing US manufacturing figures cast recovery doubts

Euro edged higher against the dollar this morning after disappointing US manufacturing data on Monday

By Richard Nehme | April 2, 2013 11:00 BST
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The euro edged higher against the dollar this morning after disappointing US manufacturing data on Monday raised concerns over the strength of the US economic recovery. EUR/USD hit 1.2877 during late Asian trade; the pair’s highest since March 26th. The pair was likely to find support at 1.2770, Monday’s low and resistance at 1.2888. This morning the market is trading at 1.2850 [...]

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