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Bund hovers at session low

  • While Bund made a quick short test at the pre French PMI level circa 133.10, printed a 133.14 low, but finding some support ahead of Yesterday's low at 132.97.
  • The EUR is benefitting from the weaker USD, on the back of the risk on tone, but remains short of pre PMI levels, was trading around 1.1135.
  • Cable has already reversed the UK PMI sell off, but would need a test to ~1.2876 to unwind the French PMI move.

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