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23 Apr 2013
Forex: EUR/USD stays below 1.3000 after US data
FXstreet.com (Córdoba) - The euro remains under pressure across the board and it is consolidating losses versus the greenback at the beginning of the New York session after the most recent bounce attempt was capped by the 1.3000 mark.
The EUR/USD stood virtually unchanged after the latest string of US data showed the US Markit PMI came in lower-than-expected in April, while housing prices rose slightly in February.
Most of the decline of EUR/USD today was in response to the weaker than expected April German PMI readings. The pair is currently trading around 1.2980/90, recording a 0.6% loss on the day, having bottomed out at 1.2972.
The EUR/USD stood virtually unchanged after the latest string of US data showed the US Markit PMI came in lower-than-expected in April, while housing prices rose slightly in February.
Most of the decline of EUR/USD today was in response to the weaker than expected April German PMI readings. The pair is currently trading around 1.2980/90, recording a 0.6% loss on the day, having bottomed out at 1.2972.