Currency Analyst since 2010

EUR/USD declines on PMIs

European data released today was quite disappointing. All PMIs came more or less below the forecast with French manufacturing PMI below 50.0 handle that signals the industry’s contraction. German and the euro zone’s services PMIs were significantly lower than forecasts, though above 50.  

EUR/USD touched $1.3765 on the news.

Chart. H1 EUR/USD

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