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Eurozone Preliminary Manufacturing PMI expands to 51.1 in July, EUR/USD stays above 1.16

  • Eurozone Manufacturing PMI arrives at 51.1 in July vs. 50.0 expected.
  • Bloc’s Services PMI stands at 55.1 in July vs. 51.0 expected.

The Eurozone manufacturing sector sees an upturn this month, the latest manufacturing activity survey from IHS/Markit research showed on Friday.

 

more to come ...

CBR Preview: A rate cut of 25 bp seems to be appropriate – Nordea

Today, the Central Bank of Russia (CBR) has its key rate meeting at 10:30. Economists at Nordea expect the CBR to cut the key rate by 25 bp and send a
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