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Euro up for a third day as outlook brightens
The euro rose for a third consecutive day on Thursday after breaking through a key technical level when a flurry of European business surveys pointed to a strengthening growth outlook for the region. Surveys covering both the services and manufacturing industries in Europe outshone even the most optimistic forecasters in Reuters polls, indicating growth is broad-based. The euro EUR=EBS was up 0.2 percent on the day at $1.1850 against the dollar and not far from a one-month high of $1.1862 set last week in a holiday-shortened week. Trading conditions were thinner than usual on Thursday, with Japanese financial markets ... (full story)
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