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Why Disappointing Data Has Had Limited Impact on the Euro

Ricky Cove
Why Disappointing Data Has Had Limited Impact on the Euro

The euro-dollar (FXE) exchange rate closed at 1.2 on May 11, with the euro depreciating by 0.13% against the US dollar (UUP). The euro’s slide was halted despite weaker-than-expected European data thanks to the US dollar taking a breather.