“The euro snapped two days of gains against the dollar as a report showed euro-area services and manufacturing output contracted in June, adding to signs Europe’s debt crisis is blunting economic growth.
New Zealand’s dollar strengthened after a report showed the nation’s economy grew at the fastest pace in five years last quarter. A composite index based on a survey of purchasing managers in services and manufacturing in the 17-nation euro area was below the 50 level that separates contraction from expansion for a fifth month.”
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