Euro lower versus Dollar on weak data

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Source: Forexpros
On Wednesday, the Euro was traded lower versus the U.S. Dollar, following a set of disappointing data from Eurozone. EUR/USD hit a session low of 1.2921, and later consolidated at 1.2949, which was a 0.28% decrease for the European afternoon trading session. The pair's support was likely to be found at 1.2834, while the resistance was prone to be at 1.2996.
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Wed, 24 Oct 2012 16:09:44 GMT

Manufacturing PMI in U.S. increased in October

Markit, a market research group reported on Wednesday that U.S. manufacturing activity added less than expected this month. Manufacturing PMI grew to a reading of 51.3 in October, compared a previous month's figure of 51.1. However, economists expected that the index would grow more and reach the level of 51.6.

Wed, 24 Oct 2012 18:49:47 GMT

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