German Preliminary Manufacturing PMI drops to 62.7 in August vs. 65.0 expected, EUR/USD tests 1.17
German Manufacturing PMI arrives at 62.7 in August vs. 65.0 expected. Services PMI in Germany
Financial and Business News
German Manufacturing PMI arrives at 62.7 in August vs. 65.0 expected. Services PMI in Germany
Eurozone Manufacturing PMI arrives at 61.5 in August vs. 62.0 expected. Bloc’s Services PMI drops
EUR/USD backs up over 1.17 from Friday’s 1.1664 low. In the view of economists at
EUR/USD advances further north of 1.1700 on Monday. The dollar faces increasing selling pressure after
EUR/USD extend the rebound towards 1.1750 as USD keeps falling. Risk-on mood, virtual Jackson Hole
German/ Eurozone flash PMIs Overview Amongst the Euro area economies, the German and the composite
FX Strategists at UOB Group noted EUR/USD faces a potential drop to the 1.1600 area
EUR/USD consolidates weekly losses, the heaviest since June, around yearly bottom. USD eases from 11-month
FX Strategists at UOB Group noted EUR/USD could grind lower and visit the 1.1600 zone
The European Central Bank (ECB) Chief Economist Philip Lane said on Thursday, “our revised forward