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Wednesday, July 1, 2009

Dollar weakened as risk appetite improves

Risk appetite was buoyed slightly on Wednesday as rising equity markets lifted the euro against the dollar, but trading remained subdued as the market awaited Thursday’s US non-farm payrolls data.
Purchasing managers index data from Europe, which pointed towards a marked slowdown in the rate of manufacturing decline in eurozone countries in June, helped lift the euro 0.3 per cent against the dollar to $1.4072.

for details visit
http://www.ft.com/cms/s/0/11c1043c-662e-11de-a034-00144feabdc0.html?nclick_check=1

posted by srikanth....july1

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