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Raft of poor PMIs sink single currency -The...>

FOREX
FOREX: Raft of poor PMIs sink single currency
-The ECB's apparent confidence of a turnaround in economic fortunes in H2
certainly wasn't apparent in this morning's PMI data, with manufacturing numbers
in France and Germany disappointing (although services was more favourable).
EUR/USD sank on release, showing below the $1.1250 level to hit the week's lows
of $1.1243.
-GBP fared slightly better, but GBP/USD remains negative following strong retail
sales numbers for March. The better data was put down to mild weather this year
contrasting with a particularly March in 2018. JPY sits at the top of ther 
-Scandi FX sits at the bottom of the G10 table so far Thursday, with poor
Swedish unemployment numbers the culprit, which rose 7.1% vs. Exp. 6.6%. EUR/SEK
broke above the 50-dma at 10.4905 on react.
-Canadian and US retail sales are next up, with weekly jobless claims and Philly
Fed business outlook also on the docket. Earnings due today include American
Express, Honeywell, Union Pacific and Philip Morris. Fed's Bostic is due to
speak just ahead of the early US close at 1300EDT/1800BST.

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