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24 Jul 2020

EUR/USD regains 1.16 as German Preliminary Manufacturing PMI betters estimates with 50.0 in July

  • German Manufacturing PMI arrives at 50.0 in July vs. 48.0 expected.
  • Services PMI in Germany improves to 56.7 in July vs. 50.5 expected.

The German manufacturing sector returned to expansion in July, the preliminary manufacturing activity report from IHS/Markit research showed this Friday.

The German Manufacturing purchasing managers index (PMI) arrived at 50.0 in July versus 48.0 expected and 45.2 previous.

Meanwhile, Services PMI rebounded to 56.7 in July as against previous month’s reading of 47.3 and 50.5 anticipated.

Jul 24, 2020

Germany Markit Services PMI came in at 56.7, above expectations (50.5) in July

Germany Markit Services PMI came in at 56.7, above expectations (50.5) in July
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Jul 24, 2020

Gold moves back closer to multi-year tops, eyeing $1900 mark

Gold edged higher during the early European session and refreshed daily tops, around the $1895 region in the last hour, albeit lacked follow-through.
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