Little Reason to Expect EUR/USD to Easily Regain 1.1095 Ahead of Fed/ECB Meetings

<p>Markets Disappointing EMU July PMI’s set the tone for global trading yesterday morning. The composite measure dropped further into contraction territory (48.9 from 49.9) as activity in the manufacturing sector slumped further (42.7 from 43.4). Growth in the services sector remains positive (51.1 from 52.0) but is eroding too. Orders are declining both in manufacturing […]</p>
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