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EUR/USD lurches higher after US data dumps Greenback

EUR/USD found a leg up on Wednesday, climbing briefly above the 1.0800 handle after a broad miss in US economic figures hinted at further signs of a weakening US economy, sparking fresh hopes for an accelerated pace of rate cuts from the Federal Reserve (Fed) and markets flowing out of the safe haven US Dollar.

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This article was written by Greg Michalowski at www.forexlive.com.