not euphoria follower
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Euro dips on data; Aussie and Kiwi jump
Optimism over China's economic prospects drove the Australian, New Zealand and Canadian dollars higher on Monday, while the euro struggled to make headway after some softer business- sentiment surveys. HSBC's monthly survey of purchasing managers pointed to the first expansion in six months by China's manufacturing sector, which is crucial to the world's growth prospects and demand for a wide range of commodities. That offered relief to investors fretting about the health of Australia's biggest export market. The Aussie rose as high as $0.9445, near its April 10 peak of $0.9461. The Canadian dollar also reached a ... (full story)