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EUR/USD falls below 1.3000

FXstreet.com (Córdoba) - The euro has retraced completely its European session gains, sliding back below the 1.3000 mark versus the greenback at the beginning of the NY session.

Better-than-expected US market PMI helped the USD case and dragged EUR/USD to fresh daily lows at the 1.2970 area while focus turns to the ISM manufacturing index coming next.

At time of writing, EUR/USD is trading around 1.2970/75, where it is 0.2% below its opening price, having retreated from a high of 1.3043 scored during the European session in the wake of strong eurozone and German PMI's.

Further ISM data to follow from US and forecasts – TD Securities

With US ISM the major headline this afternoon, the market expects a slip.
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