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Eurozone: Services PMI drops to 52.4 in September

FXStreet (Łódź) - Eurozone Services PMI fell to 52.4 in September, from 53.1 in August, according to data released today by Markit. The result is below market consensus of a drop to 52.8.

PMI Composite declined to 52 in September, from 52.5 recorded the previous month and below expectations of a slide to 52.3.

EUR/USD ignored mixed PMI data out of EMU countries

EUR/USD stayed at 1.2640 before the key PMI data out of German, and the EMU, and hardly moved on the release.
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EUR/SEK potential decline to 8.80 in 12m – Danske Bank

Flemming Nielsen, Senior Analyst at Danske Bank, expects the scandi cross to head towards 8.80 in a 12-month view...
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