Euro Dips as Manufacturing & Services PMI Disappoints!

Fellas, the single currency has dipped more than 30 pips after the series of manufacturing and services PMI figures disappoint the market. Let’s take a quick look at the economic figures:

Negative Impact

German Flash Manufacturing PMI – Fell to 52.3 vs. 53.4

German Flash Services PMI – Fell to 53.6 vs. 55.5

Flash Manufacturing PMI – Fell to 52.1 vs. 53

Flash Services PMI – Fell to 53.3 vs. 54.5

French Flash Manufacturing PMI – Fell to 51.2 vs. 52.4

Positive Impact

French Flash Services PMI – Improved to 55.6 vs 54.7

Thus, the EUR/USD is trading bearish at $1.14300 and it may continue trading bearish until $1.1375 today.