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Germany: Flash PMI Manufacturing rises to 54.7 in February

FXStreet (Barcelona) - Preliminary German PMI Manufacturing increased to 54.7 points in February, from 54.3 points in January, according to data released today by Markit. The result is below market consensus of 56.3 points.

PMI Services grew to 55.4 points in February, following a 53.1 point reading the previous month and above expectations of a rise to 53.4.

European open: Weak Manufacturing PMIs from China and France

The main focus overnight was further weak numbers out of China.
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Flash: PMIs could be pivotal for EUR/USD direction - Danske Bank

Lars Christensen, Chief Analyst at Danske Bank notes that the January FOMC minutes released last night did not reveal any indications that the Fed is about to deviate from its current tapering path.
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