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EMU: Flash PMI Manufacturing falls more than expected in August

FXStreet (Łódź) - Preliminary Eurozone PMI Manufacturing dropped to 50.8 in August, from 51.8 in July, according to data released today by Markit. The result is below forecasts of 51.4.

PMI Services declined to 53.5 in August, from 54.2 recorded the previous month and slightly below expectations of a slide to 53.6.

PMI Composite fell a notch to 52.8, from 53.8, below consensus of 53.4.

EUR/USD rebounded on stronger German PMI, but the EMU data stopped the move

EUR/USD posted 1.3242 low not seen from September, 2013, but rebounded to 1.3277 on better-than-expected German PMI data; it is trading at 1.3268 post the weaker EMU PMI release.
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July Fed minutes slightly more hawkish - Deutsche Bank

Jim Reid from Deutsche Bank comments on the July FOMC minutes released on Wednesday, pointing out that they struck a more hawkish tone than seen at the previous meetings, despite placing emphasis on balanced risks to the outlook.
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