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EUR/USD Fails to Get Boost from Eurozone PMIs

January 24, 2020 (Last updated on January 25, 2020) by

EUR/USD continued to decline today, failing to get a boost from eurozone mixed PMIs. US PMIs were mixed as well, but that did not prevent the dollar from gaining on the euro.

Flash US Markit manufacturing PMI fell to 51.7 in January from 52.4 in December, whereas analysts had predicted it to stay unchanged. Flash US Markit services PMI rose to 53.2 from 52.8, touching the highest level in 10 months, while experts had also expected it to stay little changed. (Event A on the chart.)

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