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Flash: Expect sideways EZ PMIs - Danske Bank

FXStreet (Barcelona) - Lars Christensen, Chief Analyst at Danske Bank notes that the main focus will be flash estimates for PMI in the euro area starting with France and Germany this morning.

Key Quotes

“We expect the euro-area composite PMI to have moved broadly sideways in February from the solid 54 level in January.”

“That said, the weaker ZEW economic sentiment released in Germany earlier this week suggests that there is downside risk to our forecast.”

France Markit Services PMI (February): 46.9 vs 48.9 (January)

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EUR/USD tests 1.3700 on French PMI

The EUR/USD is now giving away initial gains, returning to the red territory around 1.3700 the figure after softer than expected French PMI data...
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