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Germany: Flash PMI Manufacturing returns to contraction in March

FXstreet.com (Barcelona) - Preliminary German PMI Manufacturing decreased to 48.9 points in March, from 50.3 points in February, according to data released today by Markit. The result came in against market consensus of an expansion to 50.5 points.

PMI Services fell to 51.6 points in March, following a 54.7 point reading the previous month and against expectations of a rise to 55 points.

Forex: EUR/USD below 1.2900 on soft German PMI

The single currency dropped to sub 1.2900 levels after the flash German manufacturing PMI fell to 48.9 in March, missing estimates at 50.5 and down from previous print at 50.3....
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Forex Flash: New BoJ Governor Kuroda first press conference in focus - BTMU

Lee Hardman, FX Analyst at the Bank of Tokyo Mitsubishi UFJ notes that the yen remains on the defensive heading into the first press conference to be held later today by new BoJ Governor Kuroda.
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