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Euro against US dollar

After hitting a two-month high against the US dollar, the euro fell slightly at the open of European markets.

The dollar index has been falling steadily since yesterday as data from IMS Manufacturing PMI was negative for the US dollar.

The decline in this data increases fears of an economic slowdown.

Financial markets are waiting for Non-farm payroll (NFP) to be released on Friday at 3:30 pm Kurdistan time.

Then the direction of the market will be decided.

Dr. Kamaran Qader Yaqub,
Financial Consultant at Investment Spot company. 


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