Eurozone Preliminary Manufacturing PMI improves to 49.7 in August vs. 49.0 expected

  • Eurozone Manufacturing PMI arrives at 49.7 in August vs. 49.0 expected.
  • Bloc’s Services PMI falls sharply to 50.2 in August vs. 50.5 expected.
  • EUR/USD keeps the red near 0.9930 on the mixed Eurozone PMIs.

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European Monetary Union S&P Global Composite PMI registered at 49.2 above expectations (49) in August

European Monetary Union S&P Global Composite PMI registered at 49.2 above expectations (49) in August
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EUR/USD bounces off cycle lows around 0.9900, focus on data

After bottoming out in fresh cycle lows around 0.9900, EUR/USD seems to have met some bargain hunters and trades with modest gains near 0.9950 on turn
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