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EUR/USD steps back from new 2025 high ahead of multiple PMI releases shortly this morning

At 8.15am GMT we get the first 2025 flash PMI readings on manufacturing and services from France. Then at 8.30am we get the same from Germany. The main Eurozone numbers follow at 9am GMT and then, as reported earlier, at 9.30am we get the same from the UK. Also worth noting; at 10am the ECB boss, Christine Lagarde will address the Davos crowd. Ahead of all that lot, the slide to 154.85 in the USD/JPY once again allowed the EUR/USD to advance and this time it extended above the recent highs, to set a new 2025 high, at 1.0471. It has dipped back to around 1.0450 since then and of course the outcome of all this data due shortly could have a deeper impact, or conversely extend the Euro to a new 2025 high. We shall see how this all pans out. The EUR/USD is right now ay 1.0461 
 

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