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French flash PMI data was not good-EUR/USD slips
The December flash French PMI data has just been released and it was not good. All the measures there on manufacturing and services failed to live up to forecasts and actually contracted more. The immediate reaction in the EUR/USD was not positive either and the price fell back to around 1.0965 upon digesting this news. Next comes the equivalent data from Germany at 8.30am GMT and that will need to be better than these French numbers. The EUR/USD is currently tradiung at 1.0970
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