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United States Markit PMI Composite: 59.7 (August) vs previous 60.6

FXStreet.com (Barcelona)

ECB cuts rates and announces ABS purchases to fight low inflation

During the press conference following ECB's unexpected decision to cut rates to new record lows at the September meeting, Mario Draghi also announced that simple asset-backed securities and covered bonds purchases would be launched next month.
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United States Markit Services PMI dipped from previous 60.8 to 59.5 in August

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