Key Points
LONDON (Reuters) -The euro edged up on Thursday after data suggested the downturn in the euro zone economy may be starting to ease, although holidays in the U.S. and Japan kept trading activity muted...
A flurry of preliminary surveys showed recession in economic powerhouse Germany may be shallower than expected, which offset a downbeat read of French business activity...
Theres been a bit of an upside surprise on Germany and the euro zone and yes, its an improvement on the prior, but all this is saying is things are getting slightly less bad, TraderX strategist Michael Brown said, of Thursdays flash Composite Purchasing Managers Index (PMI) for November...
Sterling recovered some ground against the dollar after dropping 0.3% on Wednesday when British Finance Minister Jeremy Hunt delivered a budget update that projected far less growth than previously forecast and a flurry of tax cuts and subsidies for Britains struggling economy...
The dollar index fell 0.14%, down for the first time since Monday, having bounced off 2-1/2-month lows the day before, after data showed the number of Americans filing new claims for jobless benefits fell more than expected last week...
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