The EUR/USD slips below the 1.2800 mark as Asian stock markets have failed to advance as initially anticipated and Dow futures are in negative territory, says a dealer at a Japanese bank. "The fall is not news-driven," he adds. The pair is at 1.2794 against 1.2818 in late New York trade Monday. The dealer adds the pair is likely to find support at 1.2770, then 1.2750 during Asian hours. Hopes that European leaders may come up with some measures to calm market jitters at a meeting Wednesday is also supporting sentiment on the single currency.
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