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EUR/USD touch firmer as risk sentiment sees some marginal improvement

By   || September 1, 2010 at 05:19 GMT
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EUR/USD up at 1.2703 from North American close Tuesday down around 1.2675.  General risk sentiment has seen a little improvement in wake of decent Australian (Q2 GDP) and Chinese (August PMI) data.

Euro zone data due today:

06:00 GMT:  German retail sales for July expected +0.5% m/m, +1.2% y/y

07;45 GMT: Italian manufacturing PMI for August expected 65.8 from previous 66.9

07:50 GMT: French manufacturing PMI for August (final) expected  54.7

07:55 GMT: German manufacturing PMI for August (final) expected 58.2

08:00 GMT:  Euro Zone manufacturing PMI for August (final) expected 55.0

08:00 GMT: Italian hourly wages for July

Talk buy orders clustered down at 1.2650/60 and again at 1.2600/20. Stops below there.  Sell orders noted up at 1.2730/50.  Not sure where buy stops gathered.

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