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via seekingalpha.comEconomy

France flash October PMI falls below 50 ahead of Moody's decision

FROM THE WIRE · SEEKINGALPHA.COM

After safe haven flows yesterday supported the Swiss franc and yen, they diverged today. The yen’s minor gain puts it atop the G10, while the Swiss franc’s 0.25% loss puts it at the bottom.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishA PMI below 50 signals contraction and, with Moody's decision pending, may weigh on the euro and France.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01France's flash October PMI dropped below 50.
  2. 02Moody's decision is due later today.
  3. 03The yen gained slightly while the Swiss franc lost 0.25%.

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