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Disappointing PMI manufacturing

SWEDEN
  • EURSEK small spike higher on the PMI data from 1.5920 to 1.6034 high (still below the overnight high), we are back below 11.60 at writing.
  • Manufacturing PMI came in at 40.6 versus 45.0 expectation and 49.9 previously (revised down from 45.5).

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