Flash: US disappointment not quite EM's gain - BAML

Analysts at Bank of America Merrill Lych Alberto Ades and Isidore Smart said following the US fiscal resolution, the weaker-than-expected non-farm payroll number originally emboldened investors to jump back into risk/carry trades.
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EUR/USD grinds upwards on dollar pessimism

The pair continues to grind upwards despite disappointing Eurozone PMI figures published this morning.
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