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Forex pairs in this Article » EUR/USD, USD/CHF, GBP/USD, USD/JPY (Córdoba) - The USD is mostly weaker on the day falling against most major currencies with the main exception of the yen as market sentiment improved after global PMI readings were better-than-expected and the US delayed any decision on Syria until Congress returns next week.

The safe haven yen and Swiss franc slipped, while the commodity linked currencies outperformed amid better sentiment. EUR/USD showed minimal reaction to upbeat European manufacturing PMIs and trades around 1.3215.

However, the GBP/USD was propelled to a fresh 1-week high amid Verizon/Vodafone M&A news and the UK PMI surged to a fresh 30-month high.

USD/JPY rose to a nearly 1-month peak of 99.42 while AUD/USD climbed back above 0.9000.

Elsewhere, European stocks are broadly higher while US futures are pointing to a higher open although markets will remain closed on Monday due to the Labor Day holiday.

Main Headlines in Europe:

Flash: What’s the sentiment around the EUR/USD today? – Commerzbank and UBS

Switzerland: SVME – PMI slides to 54.6 in August

Germany: PMI Manufacturing rises less than expected in August

EMU: PMI Manufacturing grows slightly more than expected in August

European rates edge higher, 10-year Treasuries in 2.8% region

Markets in Euroland sharply higher, EUR flat above 1.3200

UK: PMI Manufacturing jumps to 57.2 in August

Precious metals retreat lower, gold below 1400
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