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Session Recap: USD softer, USD/JPY threatens 100.00

FXstreet.com (Córdoba) - The US dollar trades broadly lower on Monday. The euro rose against the dollar after Eurozone and German manufacturing activity beat expectations, although it has surrendered most gains into the American opening.

Meanwhile the yen continued to strengthen versus the greenback, with USD/JPY falling to near 100.00 during the European session.

Elsewhere, European stocks managed to reverse losses and trade positively for the day. Looking ahead the ISM will release the US manufacturing PMI, with analysts expecting a 50.5 reading in May versus 50.7 in April.

Main Headlines in Europe (in chronological order):

Switzerland: SVME PMI improves to 52.2 in May

Germany: PMI Manufacturing up to 49.4 in May

EMU: PMI Manufacturing contraction slows down in May

UK: PMI Manufacturing expands at faster pace in May

Flash: Euro bears frustrated by fundamental developments - BBH

Flash: ISM main US data focus today - BTMU

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