The action in financial markets is quiet on Friday as investors await preliminary February manufacturing and services Purchasing Managers’ Index...
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The EURUSD currency pair is seen sliding to near 1.0470 in Friday’s European session, showing signs of weakness after the release of the Hamburg Commercial Bank’s preliminary purchasing managers index for February for the Eurozone and its major nations. The Eurozone HCOB PMI report, compiled by S&P Global, showed that overall business activity expanded at a steady pace, but slower than expected. The Composite PMI read 50.2, against estimates of 50.5. The report showed that the manufacturing PMI continued to contract. However, the pace at which the economic data declined was slower than estimates and the former reading. Meanwhile, activities in the services
The action in financial markets is quiet on Friday as investors await preliminary February manufacturing and services Purchasing Managers’ Index...
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