Italy Markit Services PMI above expectations (53.1) in February: Actual (53.8)

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EUR/USD fades the spike to 1.0880 ahead of PMIs

The upside momentum around the single currency is now losing some vigour, forcing EUR/USD to recede towards the 1.0865/60 band...
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USD seen higher in the near term – Westpac

According to Strategist at Westpac Richard Franulovich, the greenback could accelerate its upside in the near term...
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