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Eurozone Preliminary Manufacturing PMI eases to 45.6 in August vs. 45.8 expected

  • Eurozone Manufacturing PMI declined to 45.6 in August, missing the 45.8 estimate.
  • Bloc’s Services PMI jumped to 53.3 in August vs. 51.9 anticipated.
  • EUR/USD remains in the red below 1.1150 after German, Eurozone PMI data.   

The Eurozone manufacturing sector extended its downturn while the services sector activity rebounded in August, according to the data from the HCOB's latest Purchasing Managers Index (PMI) Survey published on Thursday.

The Eurozone Manufacturing Purchasing Managers Index (PMI) fell from 45.8 in July to 45.6 in August, below the market forecast of 45.8.

Eurozone HCOB Composite PMI came in at 51.2, above expectations (50.1) in August

Eurozone HCOB Composite PMI came in at 51.2, above expectations (50.1) in August
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GBP/JPY trades with modest gains near daily high, around mid-190.00s ahead of UK PMIs

The GBP/JPY cross attracts some dip-buying near the 189.65-189.60 region on Thursday and climbs to the daily peak during the early part of the European session.
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