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EMU: Flash PMI Manufacturing surprises to the upside in May

FXstreet.com (Barcelona) - Preliminary Eurozone PMI Manufacturing contraction slowed down to 47.8 points in May, from 46.7 points in April, according to data released today by Markit. Analysts expected less increase to 47 points.

PMI Services grew to 47.5 points in May, following a 47.0 point reading the previous month and above projections of a rise to 47.2 points.

Composite PMI climbed to 47.7 points from 46.9 points, also exceeding expectations of a rise to 47.2 points.

Italy: Mar Retail Sales n.s.a (YoY) fall 3%; (MoM) drop 0.3%

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EUR/JPY broken support level

The JPY has strengthened across the board along with the dollar in a typical risk aversion play while stock markets have plummeted across the globe following a series of economic data yesterday. The pair has pulled back below key 131.10 daily support levels.
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