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US: Chicago Purchasing Managers Index rises to 58.7 in May

FXstreet.com (Barcelona) - The MNI Deutche Börse Group informed today that the Chicago Purchasing Managers Index increased to 58.7 in May, from 49 in April, exceeding expectations for a slight rise to 50.

Flash: Constructive stance remains on euro prospects – ANZ

As the euro area works to solve its banking crisis, non-bank sources of finance must be developed. The establishment of an active ABS market for SME loans would be an interesting development in that regard and could attract capital inflows.
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Flash: The outlook is bearish for EURUSD

Analysts at Commerzbank have said that a retest of support at 1.2821/1.2796 is likely, this guards the 1.2740 April low and the 1.2679/61 long term Fibo.
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