EUR/USD pares losses after alarming US manufacturing PMI and jobless data
- The EUR/USD pair pared earlier losses after the US released disappointing jobless claims data.
- The data showed that more than 4.4 million Americans filed for jobless claims in the previous week.
- US manufacturing PMI declined to a 11-year low of 36.9 while the composite PMI fell to a record low of 27.4.
- US new home sales declined by a record 15.4% in March to 627,000
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