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EMU: PMI Composite falls slightly in February

Eurozone PMI Composite contraction accelerated, by falling to 47.9 points in February, from 48.6 points in January, according to data released today by Markit. Analysts expected a slightly sharper decline to 47.3.

Eurozone PMI Services dropped to 47.9 in February from 48.6 registered the previous month but above consensus of 47.3.

Forex: EUR/USD in session highs after German PMI

The single currency is posting fresh highs above 1.3070 after better-than-expected services PMI prints from France, Germany and the euro zone as a whole, leaving behind the drops from Italy and Spain....
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Forex Flash: EUR & GBP prospects stay bearish - OCBC Bank

Emmanuel Ng of OCBC Bank notes that looking ahead, he still holds a bearish bias on EUR/USD and GBP/USD.
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