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EUR/USD hovering near 1.05 as French and German PMI data loom
Very shortly, at 8.15am GMT we will get the February flash PMI data from France on Services and Manufacturing. The equivalent German data will follow at 8.30am GMT. This is important data for the EUR/USD. As you know the EUR/USD has traded above 1.05 since yesterday and that was a prospect highlighted here. The EUR/USD closed in the US last night at 1.0501. The range seen so far this morning has been covered by 1.0485 and 1.0506. This French data could have an impact, as indeed could the German data that follows it. The EUR/USD is right now at 1.0492
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