Daily economic digest from Forex.ee
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Tuesday, January 3rd
The euro has erased all today’s gains vs. its American counterpart retreating to the region of 1.0405. Fresh wave of buying interest around the greenback, seen in early Europe, forced the EUR/USD pair to fall back for 80 pips. Moreover, seems that euro bulls have ignored German Unemployment Change report, failing to provide any north directed impetus to the pair. Today the US economy will also be able to provide the pair with some directional move as US ISM Manufacturing PMI data are scheduled for release in the NA session.
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