FOREX-Dollar up after data signals brighter outlook for U.S. business activity ...Middle East

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FOREX-Dollar up after data signals brighter outlook for U.S. business activity
source : Devdiscourse ( Middle East ) () 30
The dollar rose against the euro on Tuesday after data showed U.S. business activity contracting for the seventh straight month in January but with signs the downturn was moderating. While U.S. business activity shrank in January, the downturn moderated across both the manufacturing and services sectors for the first time since September and business confidence strengthened as the new year began.

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