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BREAKING: USD weakens after downbeat PMI reports

2:47 PM 24 October 2022
  • US Manufacturing PMI decreased to 49.90 in October from 52.0 in September, below forecasts of 51.0, preliminary estimates showed.
  • US Services PMI fell to 46.60 in October from 49.3 in the previous month and well below market consensus of 49.2, a preliminary estimate showed.

EURUSD broke above local resistance at 0.9850 after release of today’s data. Source:xStation5  

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