German PMIs beat expectations – EUR/USD advances

Germany’s manufacturing sector is firing on all engines, at least according to the manufacturing PMI. It jumped to 59.4 points, much better than projected. The services PMI also came out above expectations, but only just: 53.4 points. EUR/USD is moving up, trading at 1.1770 after reaching a high of 1.1777. The pair trades in a [...]

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