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Euro relief proves fleeting, China data eyed
The euro struggled to make any headway in Asia on Wednesday, having retreated from near two-week highs as optimism over the long-awaited Greek bailout deal quickly gave way to concerns about economic growth and implementation risks. Traders said the Asian session will be directed by HSBC's flash manufacturing activity report on China. Any disappointment could weigh on risk appetite, although it could also bolster expectations of more stimulus from Chinese authorities. The euro stood at $1.3235, down from Tuesday's high of $1.3293. It is seen capped at $1.3306, the 100-day moving average, and at last week's peak of ... (full story)