Thursday, 3 January 2013

EUR/USD hovering over 1.3170

The bloc currency is orbiting around 1.3170 as we enter the last part of the NA session on Wednesday. After hitting 1.3300 overnight on the developments in the US economy, the single currency lost impetus, punished during the European morning by the disappointing PMI prints out of the euro zone members and later by the stronger US ISM manufacturing data.

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