Euro gets on the PMI seesaw to start the session ...Middle East

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Euro gets on the PMI seesaw to start the session
France October flash services PMI 48.3 vs 49.9 expectedGermany October flash manufacturing PMI 42.6 vs 40.8 expectedAt the balance, not too much has changed. EUR/USD was holding around 1.0787 before the data and is now around 1.0792 currently. The stronger than expected showing in Germany is helping to offset downbeat numbers from France. However, both key economies in Europe are still showing a contraction to start Q4.That reaffirms that the Eurozone economy is still leaning towards the softer side overall. But the good news is that it isn't worsening at a much rapid pace, at least for now.If anything, the data will serve to reaffirm another rate cut in December but perhaps not quite the 50

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