By
TFI Markets |
Forex | Feb 03, 2012 11:36AM GMT |
Chinese non-manufacturing managers index fell to 52.90 in January from 56, causing the euro and the Australian dollar to trade lower during Asian trade on Friday. The eur/usd fell to a low of 1.3111 while aud/usd fell to 1.0675. Investors will be waiting for any news on the the outcome between Greece and its private creditors on debt swap toward while the highly anticipated U.S. jobs report is expected to show the U.S. economy generated 150,000 in January while keeping the unemployment rate steady at 8.5%.
EURUSDThe pair remains in consolidation between 1.3230-1.3050. A clearance of 1.3230 will see an extension towards 1.3280 and possibly 1.3300. A break below 1.3050 will see a move towards 1.2990 and 1.2930 support levels.
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