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EMU: Flash PMI Manufacturing grows more than expected in December

FXstreet.com (Barcelona) - Preliminary Eurozone PMI Manufacturing increased to 52.7 points in December, from 51.6 points in November, according to data released today by Markit. The result is above market consensus of a rise to 51.9 points.

PMI Services slid to 51 points in December, from 51.2 point reading the previous month and against forecasts of an increase to 51.5.

PMI Composite climbed to 52.1 points, from 51.7 recorded the previous month and above expectations of 51.9.

Italy Trade Balance EU improves to €1.169B in October from €0.509B in September

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EUR/USD muddling following European PMIs

Having climbed overnight, EUR/USD has ranged within the European session so far, finding support on the hourly 50 SMA, and is presently trading at 1.3754.
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