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Forex pairs in this Article » EUR/USD, GBP/USD, USD/JPY (Córdoba) - The USD trades mixed against its major rivals, higher versus the EUR and the AUD, but lower versus the JPY and the GBP.

Portugal's political crisis weighed on risk sentiment among European markets and took its toll on the euro. EUR/USD dipped to a low of 1.2922 before recovering to trade nearly flat on the day.

Meanwhile, GBP/USD rose sharply, regaining the 1.5200 level and climbing to a high of 1.5272, underpinned by a strong UK services PMI reading. USD/JPY was rejected from a peak of 100.84 and dropped more than 150 pips toward 99.30, as the yen was in demand amid risk aversion. AUD/USD extended its decline and hit a fresh 3-year low of 0.9051.

Main Headlines in Europe:

Germany: PMI Services expands less than projected in June

EMU: PMI Services rises to 48.3 in June

UK: PMI Services expansion unexpectedly quickens in June

EMU: Annual Retail Sales slide 0.1% in May

Portuguese bond yields rise sharply amid political instability

Euro bears warming up
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