TOKYO: The euro steadied against the yen and the US dollar in Asia on Tuesday, as investors’ risk appetite perked up after data showed signs of improvement in China’s manufacturing output.
China’s manufacturing output in July grew at its fastest pace in nine months which offered some relief amid mounting worries that Spain, the euro zone’s fourth-largest economy, may need to seek a bailout.
HSBC’s Flash China manufacturing purchasing managers index rose to 49.5 in July, its
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