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Forex News: Euro Pares Overnight Decline as Price Pressures Intensify, British Pound Extends Advance

The Euro pared the overnight decline and rallied to a high of 1.3472 following a rise in inflation, but the lack of momentum to cross back above the 20-Day SMA (1.3563) is likely to keep the exchange rate within a narrow range ahead of the U.S. non-farm payrolls report due out on Friday.