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Central European Daily

The forint eases on S&P decision to leave rating intact MNB unlikely to change rates The Hungarian forint bounced back from 8-week highs on

German manufacturing sector loses momentum. France still weak.

Today’s highlights: USDCAD continues to hold trend support to leave the bias higher to

EUR/USD remains thus far unable to holdabove its previous lows, indicating persistentselling pressures.

The USD has softened against the major currencies. AUDUSD has risen slightly to 0.8895 from

EURUSD: EUR/USD over 1.2877 would target 1.2931 next… Read the full report: Technical Alert

Focus will be on flash estimates for PMIs. In the euro area we expect bothmanufacturing PMI and service PMI to

The $1242.7 level remains key resistance this week with bulls needing a close above to

Bonds rallied on both sides of the Atlantic yesterday, in Europe in a bullish-flattening fashion.

The sequence of lower daily highs reflects the current bearish pressure with

The pair started at $1.2849 early today after a $1.2816 to $1.2856 range during the US session overnight.

A slightly stronger day for the AUD with the USD generally weaker across the board.