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Euro Knocked, Asian Currencies Lifted on Manufacturing News

Wednesday, 2 May 2012 | 8:07 AM ET

Weak manufacturing dents the euro and currency ETFs just can't get enough love - it's time for your FX Fix.

Weak manufacturing data in the euro zone knocked the single currency. [CNBC]

Investors who have been using the Australian dollar in carry trades may look elsewhere after the interest rate cut there, strategists say. [CNBC]

British mortgage applications rose unexpectedly, but the British pound slipped as applications grew in the U.S. as well. [fxstreet.com]

Strong U.S. manufacturing data and improving Chinese factory activity sent Asian currencies higher.

Calm in the currency markets is causing headaches for large and small FX traders, who are struggling to make money on tight currency ranges. [Reuters]

Currency ETFs are having a hard time gaining traction with investors. [Reuters]

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