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Session Recap: USD mixed, EUR weighed by PMI data

FXstreet.com (Córdoba) - The USD trades mixed versus majors, and the euro is broadly lower as disappointing manufacturing PMI’s added to uncertainty following German elections put the shared currency under pressure.

EUR/USD remains stuck in the 1.3500-50 range where it has been trading over the last three sessions, while other euro crosses such as EUR/GBP and EUR/JPY are at lows of the day. Meanwhile, GBP/USD climbed to daily highs above 1.6050 and USD/JPY is trading just below the 99.00 mark.

Elsewhere, European markets are mixed while US futures point for a positive opening amid a light data calendar.

Main Headlines in Europe:

Yellen to take reins at Fed

European open: Triumph for Merkel, but any protracted negotiations could weigh on bunds

Moody's raises outlook on Irish debt to stable from negative

Germany: Flash PMI Manufacturing down to 51.3 in September

EMU: Flash PMI Manufacturing drops to 51.1 in September

Euro stumbles on weak manufacturing PMI despite strengthening overall picture, EUR/USD falls from highs

US debt ceiling: get ready for squabbling, name calling and market volatility

Troika back in Greece for fresh bailout review

Flash:AUD/USD consolidating at Fibonacci resistance at 0.9510-Commerzbank

Karen Jones, Head Technical Analyst at Commerzbank suggests that AUD/USD eased lower on Friday and appears to be consolidating its move higher following its recent break of key resistance at 0.9388/.9404 (2011 low and 2009 high).
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US Dollar Index sidelined around 80.40

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