China HSBC Manufacturing PMI came in at 50.8, above expectations (49.7) in June

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EUR/USD: Neutral with bias toward further downside - RBS

The RBS FX Team remains neutral on EUR/USD with a bias toward further downside.
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China's HSBC PMI hits a 7-month high

The Chinese HSBC Manufacturing PMI came at 50.8 vs 49.7 exp and 49.4 last, the reading is the highest seen in 7 months.
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