Euro drops versus its counterparts ahead of manufacturing and labour data

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Source: Bloomberg
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The 17-nation currency depreciated against most of its counterparts on Monday ahead of data releases that are predicted to show Eurozone manufacturing contracted while the unemployment rate climbed to region's all time high to 11.1%. Data are expected to add pressure on ECB to lower interest rates. Euro fell 0.3% versus US Dollar to USD 1.2628. Currently EUR/USD is trading at 1.2614 
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