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EUR extends losses post PMIs

EURO

EUR extends losses,

  • As anticipated esp after the weak France PMI reading, the Eurozone aggregate comes in weaker than had been expected coming into the session. Of note in the IHS release is that "While the two largest eurozone economies remained in growth territory, outside the 'big-2' output decreased in August. That said, the contraction was only marginal."
  • EURUSD now eye MNI tech support at 1.1802 Low Aug 20

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