EUR/USD lower on Friday, consolidates strong weekly gains

EUR/USD is about to end Friday with a decline of around 60 pips but still headed toward the biggest weekly gain in a year. During the last hours the pair remained steady hovering around 1.1130/50.
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Global outlook: Jitters continue, some positive signs appear - Wells Fargo

According to analysts from Wells Fargo, economic data around the globe continues to show a challenging environment but the PMI reading suggests that manufacturing deterioration eased somewhat.
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