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Euro in New York: Knocking at the Door Part 2?

Euro in New York: Knocking at the Door Part 2?

The euro opened at 1.3537 in New York just above its European low of 1.3531, Tokyo’s low was 1.3557.  Sllippage in the euro crosses, eur/stg traded below 0.7900 for the first time since Sept 2012 and eur/yen was offered from almost the London open kept the pressure on the united currency.  A slightly lower euro zone external

Euro in New York

The euro opened at 1.3688 mid-way in the what has become typical this summer, a very narrow Tokyo and Londan range, 1.3679-1.3697.   EMU and German  PMIs were a bit light,  51.8 vs. 51.9 and 52.0 vs 52.4, the French was a stronger though still in contraction, 48.2 vs. 47.8. The combination brought the euro
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Euro in New York

The euro opened in New York at 1.3656 (8:00 am) near the higher end of its 1.3641-1.3663 Tokyo and London range. Eurozone CPI and money supply data for June were in line with forecasts and despite the large miss in German monthly retail sales for May (-0.6%, expected 0.8%, April revised to -1.5% from -0.9%),  the
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Euro in New York

The euro opened in New York at 1.3656 (8:00 am) near the higher end of its 1.3641-1.3663 Tokyo and London range. Eurozone CPI and money supply data for June were in line with forecasts and despite the large miss in German monthly retail sales for May (-0.6%, expected 0.8%, April revised to -1.5% from -0.9%),  the
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