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EUR/USD rebounds again after German PMI data lifts
The October flash PMI readings on French manufacturing and services came in below estimates a short while ago and that pushed the EUR/USD lower. The Euro fell back to below 1.0775 on the news after rejecting a potential rebound above the 1.0800 handle, as noted here earlier today. The equivalent German data has just now hit the screens and that has actually beaten on forecasts and above the prior readings. The immediate reaction has seen the Euro bounce back towards 1.0800 again. The EUR/USD is trading right now at 1.0794
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