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German Preliminary Manufacturing PMI drops to 43.4 in June vs. 46.4 expected

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Economicindicator,PMI,EURUSD

The German manufacturing sector contraction unexpectedly deepened in June while the services sector also lost its expansionary momentum, the preliminary business activity report published by the HCOB survey showed Friday.

Germany’s Manufacturing PMI dippedto 43.4 in June vs. 46.4 estimate. Services PMI for the German economy fellto 53.5 in June vs. 54.4 forecast. EUR/USD falls further below 1.0700 after weak German PMIs. TheHCOBManufacturing PMIin the Eurozone’s economic powerhouse arrived at 43.4 this month, deteriorating from May’s 45.4 while much below the expected 46.4 readout. The index tripped to the lowest level in two months. Meanwhile, ServicesPMIfell from 54.2 in May to 53.

Euro PRICE Today The table below shows the percentage change of Euro against listed major currencies today. Euro was the weakest against the Swiss Franc. USD EUR GBP JPY CAD AUD NZD CHF USD 0.25% 0.11% -0.08% 0.02% 0.04% -0.03% -0.04% EUR -0.25% -0.15% -0.29% -0.22% -0.19% -0.26% -0.33% GBP -0.11% 0.15% -0.18% -0.09% -0.06% -0.14% -0.17% JPY 0.08% 0.29% 0.18% 0.11% 0.13% 0.06% 0.05% CAD -0.02% 0.22% 0.09% -0.11% 0.00% -0.06% -0.08% AUD -0.04% 0.19% 0.06% -0.13% 0.00% -0.09% -0.10% NZD 0.03% 0.

 

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German Preliminary Manufacturing PMI jumps to 45.4 in May vs. 43.1 expectedThe German manufacturing sector’s pace of contraction slowed in May while the services sector outperformed, the preliminary business activity report published by the HCOB survey showed Thursday.
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