The Euro remained flat versus the U.S. dollar on ECB speculations

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Source: Forexpros

On Monday, the Euro held steady versus the Greenback, as investors were focused on upcoming U.S. employment data and ECB's policy setting meeting. The EUR/USD pair 1.2587 and consolidated at the rate of 1.2570, losing 0.05% during the European afternoon trade. The support for the currency pair could be at 1.2492, while resistance was prone to be at 1.2636.

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Mon, 03 Sep 2012 16:15:24 GMT

The Greenback held steady in cautious trade

The U.S. dollar held steady versus its major counterparts on Monday, as traders remained cautious about upcoming ECB meeting and the U.S. data on employment. The U.S. Dollar witnessed a slight increase of 0.05% versus the Euro in European afternoon trade. The Greenback also witnessed a minor 0.02% growth versus the Swiss Franc and a slight 0.10% decline against the Japanese Yen.

Mon, 03 Sep 2012 15:42:24 GMT

U.K. Manufacturing PMI grew to 49.5 last month

Purchasing managers index gained more than expected the last month. Markit market research group reported that the index climbed 4.1 points, reaching 49.5 on a seasonally adjusted basis, while it was expected that it would rise only by 0.8 points. Output rose significantly on the account of consumer goods, while companies that produce intermediate goods witnessed less considerable gains.

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