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Germany: Flash PMI Manufacturing falls to 47.9 in April

FXstreet.com (Barcelona) - Preliminary German PMI Manufacturing decreased to 47.9 points in April, from 49 points in March, according to data released today by Markit. This result is below market consensus of remaining at 49 points.

PMI Services fell back into contraction at 49.2 points in April, following a 50.9 point reading the previous month and against expectations of a rise to 51 points.

Forex Flash: Real CHF flows remain very strong - Nomura

Nomura Strategist Geoffrey Kendrick notes that detailed data released by the SNB today showed continued buying of CHF related to bank flows, on both sides of their balance sheet.
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Forex: EUR/CAD plunges below 1.3400 on German Markit PMI

The EUR/CAD rally was stonewalled at the 1.3438 handle (session high) recently during European trading Tuesday. However, following the publication of lackluster German PMI data, the cross plunged below the 1.3400 level, settling at 1.3374/77 in these moments, en route to a -0.19% fall thus far.
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