German Preliminary Manufacturing PMI drops to 52.0 in June vs. 54.0 expected

• German Manufacturing PMI arrives at 52.0 in June vs. 54.0 expected.
• Services PMI in Germany eases to 52.4 in June vs. 54.5 expected.
• EUR/USD remains pressured towards 1.0500 on mixed German PMIs.

The German manufacturing and services sectors slowed their pace of expansion in June, the preliminary manufacturing activity report from S&P Global/BME research showed this Thursday.

more to come ...