Canada Ivey PMI Rises to Eight-Month High

February 6, 2012 3:07 PM GMT

Canada's ivey Purchasing Managers index rose to 64.10 in january, the highest since May, from 63.50 in December, beating analysts' median estimates of 59.7.

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EUR/USD Weekly Outlook

EUR/USD's decline extended further as expected as reached as low as 1.2496. The break of 1.2625 confirmed resumption of whole fall from 1.4939. Initial bias remains on the downside this week.

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