Euro Dips as Manufacturing & Services PMI Disappoints!
Arslan Butt • 1 min read
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:
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
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.