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DAX and Euro react badly to another PMI miss this time from Germany

The release of the French PMI data did the Euro no favours, as just reported on in the previous update. This data underscored the problems still facing the European economy and France in particular right now. The stark contrast between Europe and the US is clear to see, even if the US is slowing a little right now. Well, the German PMI data has now been released too and that has also missed on the downside across all readings and that has sent the EUR/USD to fresh session lows towards 1.0675. The DAX has reacted to this data too, and right now fallen to below 18,200. The index had reopened today at 18,254

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